Kraft Heinz Splitting Into Two Companies In Major Shakeup: What To Know
The Kraft Heinz Company, maker of household staples like Heinz ketchup and Kraft Mac & Cheese, will undo its merger and split into two companies.
Kraft Heinz announced the move in a news release on Tuesday, Sept. 2. The split is expected to be completed by the second half of 2026.
One company, temporarily named "Global Taste Elevation Co.," will house global sauce, spread, and meal brands such as Heinz, Philadelphia cream cheese, and Kraft Mac & Cheese. The second, with a placeholder name of "North American Grocery Co.," will focus on staples like Oscar Mayer, Kraft Singles, an…
Chocolate Giant To Buy Kellogg's Cereal Company For $3.1B: Here's Why
A European chocolate giant is purchasing the cereal company behind Froot Loops, Frosted Flakes, and Rice Krispies.
Ferrero Group has agreed to buy WK Kellogg Co for $3.1 billion, the candy company announced in a news release on Thursday, July 10. The Italian chocolatier is the owner of widely popular brands like Butterfinger, Famous Amos cookies, Ferrero Rocher, Jelly Belly, Kinder, Nutella, and Tic Tac.
In the agreement, Ferrero will pay $23 per share in cash, a 40% premium on WK Kellogg's recent stock price. Once the deal closes, Battle Creek, Michigan will serve as Ferrero's North Americ…
