Kraft Heinz splitting into two companies

(CNN, KYMA/KECY) - Kraft Heinz is splitting into two companies sometime next year. The packaged foods business made the announcement Tuesday.

One company will focus on sauces, spreads and shelf-stable meals, which includes the Heinz, Philadelphia and Kraft Mac and Cheese brands.

The other company will focus on grocery items for food away from home, such as Oscar Mayer, Kraft Singles and Lunchables.

The split will reverse a massive, but largely unsuccessful merger, and the new companies have not yet been named.