Ivan Radic
This information was shared by Kraft Heinz in a document submitted to the Securities and Exchange Commission (SEC).
Berkshire Hathaway is the biggest shareholder of Kraft Heinz, holding 27.5% of the company's shares, which amounts to 325.442 million shares.
The company played a key role in the 2015 merger between Kraft Foods and H.J. Heinz, although that merger did not turn out to be very successful.
In 2025, Kraft Heinz announced its plan to split its operations into two separate public companies by the end of 2026. One of these new companies, called Global Taste Elevation Co., will specialize in sauce production and will include well-known brands like Heinz, Philadelphia, and Kraft Mac & Cheese. The second company, North American Grocery Co., will handle the rest of the products, including items under the Kraft Singles (processed cheese), Oscar Mayer (meat products), and Lunchables (breakfast cereal) brands.
American billionaire Warren Buffett, who has led Berkshire Hathaway for six decades and will resign as CEO at the end of 2025, did not support the Kraft Heinz split. His successor, Greg Abel, also expressed disagreement with the decision.
source: bloomberg.com
Berkshire Hathaway is the biggest shareholder of Kraft Heinz, holding 27.5% of the company's shares, which amounts to 325.442 million shares.
The company played a key role in the 2015 merger between Kraft Foods and H.J. Heinz, although that merger did not turn out to be very successful.
In 2025, Kraft Heinz announced its plan to split its operations into two separate public companies by the end of 2026. One of these new companies, called Global Taste Elevation Co., will specialize in sauce production and will include well-known brands like Heinz, Philadelphia, and Kraft Mac & Cheese. The second company, North American Grocery Co., will handle the rest of the products, including items under the Kraft Singles (processed cheese), Oscar Mayer (meat products), and Lunchables (breakfast cereal) brands.
American billionaire Warren Buffett, who has led Berkshire Hathaway for six decades and will resign as CEO at the end of 2025, did not support the Kraft Heinz split. His successor, Greg Abel, also expressed disagreement with the decision.
source: bloomberg.com