Kraft Heinz announced plans in September 2025 to split into two separate publicly traded companies, reversing a 2015 mega-merger orchestrated by billionaire investor Warren Buffett.
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Kraft Heinz say yes wednesday Pause work regarding its previously announced plans to separate the company.
CEO Steve Cahillane Joined Kraft Heinz in January, In a statement, it said many of the company’s problems “are solvable and within our control.”
“My first priority is returning the business to profitable growth, which requires ensuring that all resources are fully focused on the execution of our operating plan,” he said. “As a result, we believe it is prudent to pause work related to the spin-off and we will no longer generate related synergies this year.”
The company’s shares fell about 7% in premarket trading.
Kraft Heinz also plans to invest $600 million to drive a turnaround in its U.S. operations. The company plans to use the funds for marketing, sales and research and development. The investment will also be used for “product advantage and select pricing,” Kassilan said.
September, company announced The planned breakup turned around most of the blockbusters $46 billion merger Created one of the world’s largest food companies a decade ago.
While investors initially welcomed the merger, that luster faded as the combined company’s U.S. sales declined and it wrote down many iconic brands, such as Oscar Mayer and Maxwell House. Kraft Heinz has been in turnaround mode for at least six years, trying to revive its U.S. business.
Warren BuffettThe man who helped orchestrate the deal said he was disappointed with the decision to break up. Berkshire Hathaway has since taken formal steps Sold its 28% stake in Kraft Heinz.
In December, Kraft Heinz announced the hiring of Cahillane. He previously led the dissolution of Kellogg and then Kellanova (itself a spin-off) until the company was sold to Mars.
The announcement came Wednesday as Kraft Heinz released its quarterly earnings. The company’s earnings beat Wall Street expectations, but its revenue fell short of analysts’ forecasts.







