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Story summary
- Kraft Heinz plans to split into two publicly traded companies by the second half of 2026, reversing its 2015 merger.
- One company will focus on sauces and spreads, generating about $15.4 billion in sales; the other will handle grocery staples with around $10.4 billion.
- The split aims to simplify operations and improve brand performance amid declining sales and competition.
- The separation may incur up to $300 million in costs but is viewed as essential for growth.
- Warren Buffett expressed disappointment, suggesting the split may not address Kraft Heinz's core issues.
