Kraft Heinz (KHC) has a long and storied history, enhanced by a merger 10 years ago between Kraft and Heinz. Chances are if you grew up in the U.S., you are more than familiar with Kraft Mac & Cheese, Philadelphia Cream Cheese, Oscar Meyer hotdogs, or even Lunchables. Not to mention the ketchup and pickles.
But as the title here says, KHC actually did cut the cheese… out of part of its business. The company announced earlier this week that it is splitting back into two companies. Yet, this is not as simple as reversing the 2015 combination. Kraft Heinz is now a powerhouse in the food industry that generates $25 billion in revenue, dominating supermarket shelves as much as ever.
