NEW YORK (AP) — Kraft Heinz is splitting into two companies a decade after a merger of the brands created one of the biggest food manufacturers on the planet.

One of the companies, currently called Global Taste Elevation Co., will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese, Kraft Heinz said Tuesday. The other, currently called North American Grocery Co., will include slower-selling brands like Maxwell House, Oscar Mayer, Kraft Singles and Lunchables. The official names of the two companies will be released later.

Kraft Heinz said in May that it was conducting a strategic review of the company, signaling a potential split. It expects the transaction to close in the second half of 2026.

    • DandomRude@lemmy.world
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      12日前

      I wish there were more Canadian products available from our retailers in Europe. Especially atm, I would stock up on them to show my support for the country in its trade war with the US. Unfortunately, I can’t remember ever consciously buying a product from Canada—except for maple syrup, which of course has to come from Canada.