Kraft Heinz is splitting into two companies a decade after they joined in a massive merger that created one of the biggest food conglomerates on the planet.

One of the companies, currently called Global Taste Elevation Co., will include shelf-stable meals and 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 brands such as Oscar Mayer, Kraft Singles and Lunchables. The 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.

The company's board "unanimously approved a plan to separate the company into two independent, publicly traded companies through a tax-fre

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