Kraft Heinz Announces Plan to Split Into 2 Companies
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Kraft-Heinz products on a grocery store shelf in New York City, on March 25, 2015. Brendan McDermid/Reuters
Multinational food corporation The Kraft Heinz Company will split into two companies in a bid to boost profits and unlock shareholder value, the company said in a Sept. 2 statement.
Kraft Heinz was formed in 2015 by the merger of Kraft Foods and H.J. Heinz.
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