Kraft Heinz will split into two companies, reversing much of its $46 billion 2015 merger.

One company will focus on shelf-stable meals, including Heinz, Philadelphia, and Kraft mac and cheese, with $15.4 billion in projected 2024 sales.

The other will hold North American staples like Oscar Mayer, Kraft singles, and Lunchables, with $10.4 billion in projected sales.

The split aims to simplify operations, better allocate resources, and boost performance after years of declining U.S. sales, accounting controversies, and brand write-downs, CNBC has reported.

The move follows a broader trend of food industry breakups, including Keurig Dr Pepper and Kellogg.