After Warren Buffett and 3G Capital brought them together, Kraft Heinz will split into two companies. But this deal won’t reintroduce competition into the packaged food market.
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Mergers and acquisitions in the food sector rarely draw the eye of supermarket shoppers. But name recognition has brought last week’s announced merger of H.J. Heinz Co. and Kraft Foods Group Inc. to the fore of business news. After all, these companies’ products are household staples — most readers of this article probably have a Heinz or Kraft product in their refrigerator right now. While this merger may seem innocuous — who cares that the mac and cheese company owns the ketchup company? — there could be serious ramifications for consumers and producers.
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