【 导读 】 卡夫亨氏宣布将拆分为两家独立上市公司，以推动业务增长 中国基金报记者 储是 根据公告， 两家新公司的名称 尚未确定， 将在后续公布。 又一食品巨头 将 重组，卡夫亨氏宣布将拆分为两家独立上市公司，以加速盈利增长 。 截至目前，伯克希尔为其最大股东，持股约28%。 卡夫亨氏 将 拆分为两家独立上市公司 卡夫亨氏（Kraft Heinz）周二 通过公告 宣布，将通过免税分拆的方式，拆分为两家独立上市公司 。 此消息公布后，美股卡夫亨氏开盘下跌超2%。 第一家公司 （Global Taste Elevation Co） 将专注于酱料、调味品和即食餐食，旗下包括亨氏番茄酱、卡夫通心粉奶酪等核心品牌 。 拆 分前，卡夫亨氏 这部分业务在2024年的销售额接近154亿美元，其中75%来自调味酱、涂抹酱与调味料销售。 第二家公司 （North American Grocery Co） 则聚焦于北美杂货业务，涵盖Oscar Mayer热狗、即食餐点Lunchables等 产品。卡夫亨氏 这部分业务 在2024 年销售额约 为 104亿美元。 卡夫亨氏表示，本次 拆分旨在简化业务结构，提升品牌资源配置和盈利能力， ...

Big corporate news today. Craft Hinds announcing it is splitting into two companies undoing the merger originally envisioned by Warren Buffett. Becky Quick just off the phone with Buffett and joins us now with the details.Becky. Hey Sarah. Hey Carl.It's good to see both of you. Obviously what Bergkshire Hathaway thinks about this is a pretty big deal because Bergkshire Hathaway is the largest shareholder in Craft Hind. It owns 27 and a half% of that company.Well, if you're wondering what uh Buffett and Berg ...

（文章来源：每日经济新闻） 9月2日，卡夫亨氏股价跌幅扩大至3.7%。 ...

Core Viewpoint - Warren Buffett expressed disappointment over Kraft Heinz's split, which undermines the results of the significant merger he led a decade ago [2] Group 1: Company Performance - Berkshire Hathaway holds a 27.5% stake in Kraft Heinz, making it the largest shareholder [2] - Following Buffett's comments, Kraft Heinz's stock price fell by over 3% [2] Group 2: Historical Context - The merger between Kraft Foods and H.J. Heinz was facilitated by Berkshire Hathaway and private equity firm 3G Capital in 2015 [2] - 3G Capital has been gradually reducing its stake in Kraft Heinz over the years and quietly exited its investment in 2023 [2] Group 3: Future Outlook - Buffett indicated that Berkshire will act in the best interest of the company regarding its investment in Kraft Heinz [2] - He stated that Berkshire would not accept large block trade offers unless other shareholders receive the same price [2]

格隆汇9月2日｜食品巨头卡夫亨氏股价下跌3.7%。此前公司计划分拆为两家独立上市公司，巴菲特表 示他对卡夫亨氏的分拆感到"失望"。 ...

Core Viewpoint - Kraft Heinz is planning to split into two publicly traded entities by the latter half of 2026, reversing the 2015 merger, which has been criticized for its poor performance [2][3] Group 1: Industry Context - The spin-off reflects challenges in the packaged food industry, including stagnant demand, changing consumer preferences, and increased competition from private labels [3] - The stock price saw minimal change, increasing by only 1% in pre-market trading, while shares have decreased by 21% over the past year, indicating skepticism from investors [3] Group 2: Company Structure Post-Split - The new structure will consist of Global Taste Elevation Co., which includes higher-growth brands like Heinz and Kraft Mac & Cheese, and North American Grocery Co., focusing on U.S. staples like Oscar Mayer and Kraft Singles [4] - Pre-split, Kraft Heinz was trading at approximately 1.3× sales, lower than competitors like Mondelez (2.3×) and Kellanova (2.2×), but slightly above Conagra (1.0×) and Campbell Soup (1.1×) [5] Group 3: Financial Projections - Management anticipates a 60/40 revenue split between the two new entities, projecting Global Taste to generate around $16 billion and North American Grocery about $11 billion based on a 2024 run rate of $27 billion [6][7] - If Global Taste achieves Mondelez-like multiples of 2.0–2.3× revenue, its market cap could reach $32–$36.8 billion, while North American Grocery might trade at 1.0–1.1×, resulting in a combined value of $43–$49 billion, compared to Kraft Heinz's current valuation of $33 billion [7] Group 4: Market Considerations - The market typically does not assign top-tier multiples to both halves of a breakup; if Global Taste trades at 1.6–1.8× and North American Grocery at 1.0×, the total value could drop to $37–$40 billion [8] - The success of the split hinges on the ability of both companies to achieve consistent growth and restore investor confidence, with proponents viewing it as a chance for independent valuation and skeptics fearing it may expose deeper structural issues [9]

Centerview Partners has nabbed the key advisory role on the Kraft Heinz Co. breakup, unwinding a megamerger the boutique bank advised on more than a decade ago https://t.co/SUxS9afxZJ ...

Kraft Heinz Company Update Summary Company Overview - **Company**: The Kraft Heinz Company (KHC) - **Date of Call**: September 02, 2025 - **Key Focus**: Announcement of the separation into two distinct companies Core Points and Arguments 1. **Separation Announcement**: Kraft Heinz will separate into two focused companies: the Taste Elevation Company and the North America Grocery Company, aimed at improving performance and unlocking long-term value for shareholders [4][5] 2. **Growth Projections**: Historical industry growth in the U.S. is around 2%, with Taste Elevation categories expected to grow slightly faster at 2.5% to 3% [11][12] 3. **Strategic Review**: The decision to separate was influenced by a strategic review that highlighted the complexity of the current business structure, which hindered the ability to realize the full potential of brands and operations [15][16] 4. **Operational Efficiency**: The North America Grocery Company is expected to generate substantial free cash flow through operational efficiency in stable growth categories [5] 5. **Market Share and Growth**: Kraft Mac and Cheese remains with the Taste Elevation Company due to its strong market share (70%) and attractive margins, with a historical growth rate of 3% CAGR [21][22] 6. **Dissynergies**: The anticipated dissynergies from the separation are estimated at $300 million, primarily from cost of goods sold (COGS), IT costs, and sales and marketing expenses [24][25] 7. **Investment in Growth**: 85% of marketing investments are directed towards accelerated platforms in North America, indicating a strong commitment to driving growth in key areas [33] 8. **EBITDA Guidance**: For 2024, EBITDA is projected at $6.3 billion, with a slight decrease to $6 billion expected in 2025, indicating potential profit pressures [40][41] 9. **Focus on Innovation**: The company has doubled its rate of innovation over the last three years, with plans to continue enhancing product offerings and improving existing products [96][98] Additional Important Insights 1. **Capital Structure**: Both companies will target an investment-grade capital structure, allowing for flexibility in strategic transactions post-separation [55][56] 2. **Market Dynamics**: The Taste Elevation Company has faced recent sales declines (3-4%) due to low consumer sentiment, but historically has shown strong growth [30][32] 3. **Future Opportunities**: The North America Grocery Company is expected to explore food service expansion and other channels that have not been fully leveraged [80][81] 4. **Margin Expansion**: There is a greater opportunity for margin expansion in the North America Grocery Company compared to the Taste Elevation Company, with ongoing efforts to improve COGS and operational efficiencies [75][78] This summary encapsulates the key points discussed during the Kraft Heinz Company update call, highlighting the strategic direction and anticipated outcomes of the company's separation.

Kraft Heinz is planning to break up into two companies, undoing a merger that is just a decade old by splitting its North American grocery business from its sauces and spreads operations like Philadelphia cream cheese. https://t.co/AZruAvrX6W ...

Core Viewpoint - Kraft Heinz announced a split into two independent publicly traded companies, marking the end of the $46 billion merger led by Warren Buffett ten years ago, aimed at simplifying business structure and enhancing profitability in response to ongoing performance pressures and industry changes [1][3]. Group 1: Company Restructuring - The split will create a "Global Flavor Enhancements Company" focused on sauces, condiments, and ready-to-eat meals, and a North American grocery company centered on brands like Oscar Mayer and Lunchables [3][12]. - The transaction is expected to be completed in the second half of 2026, pending regulatory approval [3]. - The split is anticipated to incur approximately $300 million in additional operating costs, but the company commits to maintaining current dividend levels and aims to preserve its investment-grade credit rating [5]. Group 2: Market Context and Performance - Kraft Heinz's stock price has fallen by 21% over the past year, reflecting market concerns about its growth prospects [1]. - The company's market value has decreased by about 70% since its peak in 2017, with Buffett acknowledging multiple misjudgments regarding the investment [8]. - The restructuring reflects broader trends in the packaged food industry, where companies are adapting to changing consumer preferences for healthier, natural foods amid inflationary pressures [9][13]. Group 3: Industry Trends - The split of Kraft Heinz is part of a larger trend in the global packaged food industry, which is undergoing significant restructuring [9]. - Other companies, such as Kellogg and Mars, have also engaged in similar strategic separations and acquisitions to focus on high-growth categories [10][11].