Kraft Heinz has announced plans to separate into two publicly traded companies, creating a new business unit that will house iconic brands such as Oscar Mayer, Kraft Singles, and Lunchables under the name North American Grocery Co.
This new division, reporting $10.4 billion in 2024 sales, will be led by current CEO Carlos Abrams-Rivera and focus on meat, cheese, and prepared foods, with about three-quarters of its revenue coming from category-leading products. The company says the move will provide greater operational efficiency and growth potential, particularly in meat and poultry processing lines.
A second company, Global Taste Elevation Co., will center on sauces, spreads, and shelf-stable meals anchored by brands such as Heinz, Philadelphia, and Kraft Mac & Cheese.
The split, expected to close in the second half of 2026, aims to reduce complexity and allow both companies to allocate resources more effectively. Kraft Heinz emphasized that the North American Grocery Co. will be positioned for strong cash flow and operational excellence across its core product lines.
