Kraft Heinz to split into two companies

Kraft Heinz It will reversed most of the $ 46 billion union, which broke the box office records that created one of the world’s largest food companies ten years ago.

“Kraft Heinz’s brands are iconic and beloved, but the complexity of our existing structure effectively allocating capital, giving priority to initiatives in our most promising areas,” Kraft Heinz’s brands are iconic and beloved, but our existing structure is difficult. ” He said. “We can allocate the right attention and resources to open the potential of each brand to create better performance and long -term shareholder value by dividing the two companies.”

The agreement, which created Kraft Heinz in 2015, was the brain of Warren Buffett’s Berkshire Hathaway and the private capital company 3G Capital. While investors initially cheer up the merger, the brightness began to fade as the US sales of the combined company decreased.

Later, in February 2019, Kraft Heinz’s accounting policies and internal controls announced that he received a court subpoena from the Stock Exchange Commission. The company also reduced its dividend by 36% and received $ 15.4 billion to Kraft and Oscar Mayer, two of the largest brands. Days later, Buffett told CNBC that Berkshire Hathaway made more payment for Kraft.

A tremor of leadership and more iconic brands such as Maxwell House and Velveeta. Kraft Heinz also began to dispose of some businesses, selling most of the cheese unit to the French milk giant Lactalis and the Planters brand to the Hazelnut Department. Hormal.

In the last quarter, the company has invested in increasing some of its brands such as lunch and Capri Sun. Despite the return efforts, Kraft Heinz has been about 60% of the shares in 2015.

The division comes as long as larger food companies follow the separations to disposal from the slower growth categories and to impress investors again.

In August, Keurig Dr Pepper He announced that it will take back a 2018 agreement, which combines a coffee company with 7 UP owners. Keurig Dr Pepper plans to leave after closing the purchase of 18 billion dollars of Dutch coffee company JDE Peet. And two years ago, Kellogg returned his snacks to Kellanova and renamed himself as WK Kellogg.