Kraft Heinz considers splitting its business to boost value, following industry trends.

Kraft Heinz is reportedly close to finalizing a split of its business into two units, focusing on Kraft products and sauces and condiments, with a combined value exceeding its current $33 billion market cap. This move follows similar restructuring by other big food companies. Post Holdings has also sold its pasta business to Richardson International for $375 million, aiming to focus on specific business areas.