(Reuters) – Kraft Heinz announced Tuesday its split into two independent listed companies, one focused on grocery store and the other on sauces and spreads, the American manufacturer of packaged products, thus seeking to relaunch its growth.

The two future entities will be a global Taste Elevation CO which will bring together brands such as Heinz, Philadelphia and Kraft Mac & Cheese, and North American Grocery Co, which will bring together the Oscar Mayer, Kraft Singles and Lunchables.

Sales of Kraft Heinz spreads and spreads amounted to around $ 15.4 billion (13.15 billion euros) in 2024 while sales of processed food products and marks of prepared dishes amounted to around $ 10.4 billion.

The grocery store will be headed by the current managing director of Kraft Heinz, Carlos Abrams-Rivera. The group has announced to search for potential candidates for the post of managing director for the sauces unit.

“The brands of Kraft Heinz are emblematic and appreciated, but the complexity of our current structure makes it difficult to effective capital, the prioritization of initiatives and the increase in the size of our most promising sectors,” said Miguel Patricio, executive chairman of the board of directors of Kraft Heinz.

The American group declared in May in May studying mergers and acquisitions opportunities in order to strengthen the value for its shareholders.

Kraft Heinz provides that the exempt from tax will be finalized during the second half of 2026.

The Kraft Heinz title was almost stable in the trade in the forefoot. The title has lost around 21% in the last twelve months.

Kraft Heinz was created by the merger between HJ Heinz Co and Kraft Foods Group, an operation supported by Berkshire Hathaway from Warren Buffett and by the Brazilian capital-investment company 3G Capital.

(Written by Juveria Tabassum and Savyata Mishra in Bangalore; Etienne Breban; edited by Blandine Hénault and Augustin Turpin)

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