Kraft Heinz is set to split into two different companies, one focused on groceries and the other on sauces and spreads.

The food manufacturing giant announced the breakup on Tuesday after it never achieved the growth expected when it was formed a decade ago.

The spinoff, which is expected to close in the second half of 2026, is the latest in a series of rearrangements among major global consumer brands that once embraced the conglomerate model, but are now rethinking their business structure amid sluggish sales, depressed valuations, and tariffs.

One of the companies, currently called Global Taste Elevation Co, will include brands such as Heinz, Philadelphia cream cheese and Kraft Mac & Cheese, the Kraft Heinz Company said.

The other, currently called North American Grocery Co, will i

See Full Page