Paul, Weiss and Skadden have picked up lead roles in the separation of The Kraft Heinz Company just 10 years after the historic merger between the leading American food manufacturers.
The transaction sees the merged entity split back into two separate publicly traded companies through a tax-free spin-off. Each of the companies will focus on growing separate brands, with one part housing brands including Heinz, Philadelphia and Kraft Mac and Cheese, and the other including brands such as Kraft Singles and Lunchables. The new companies are yet to be named.
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