Overview

• One company will focus on sauces, spreads and condiments, including Heinz and Philadelphia, with about $15.4 billion in 2024 net sales.
• The other will house grocery staples such as Oscar Mayer, Kraft Singles and Lunchables, totaling roughly $10.4 billion in 2024 net sales.
• Shares fell roughly 6% during the session after the announcement and Buffett’s remarks.
• Berkshire Hathaway holds about 27–27.5% of Kraft Heinz, and Buffett said the split will not solve the company’s problems while rejecting any block sale without equal treatment for other shareholders.
• Executives present the breakup as a way to simplify capital allocation following years of softer packaged‑food demand and past cost-cutting that limited brand investment.