Kraft Heinz Reverses Course: Breakup Plan Unveiled After Merger Fails to Deliver

In a dramatic corporate reversal, Kraft Heinz announced it will split into two separate publicly traded companies, effectively dismantling one of the food industry’s most ambitious mergers. The decision comes despite public opposition from Warren Buffett, whose Berkshire Hathaway holds a 27.5% stake in the combined entity. Following the announcement, Kraft Heinz shares plummeted more than 7%, reflecting market uncertainty about the planned separation.

The company revealed plans to separate its business units by the end of 2026, marking a complete reversal of the 2015 merger that created the food giant with a $55 billion valuation. The newly formed “Global Taste Elevation Co.” will house the faster-growing condiments and sauces portfolio, including iconic brands like Heinz Ketchup and Philadelphia cream cheese. Meanwhile, the “North... Read more...