QC Labor Day Parade honors union, workers, community
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Kraft Heinz plans a spinoff into two independent companies
2 QC plants among production facilities impacted
|5 min read
CREDIT KRAFT HEINZ
The Kraft Heinz Co. – which boasts two large food production plants employing hundreds of Quad Citians – announced this morning its plans to split into two independent publicly traded companies through a tax-free spinoff.
The Kraft Heinz Board of Directors has approved the split, the 6 a.m. Tuesday, Sept. 2, news release from the Chicago-and Pittsburgh-based Kraft Heinz said. The news comes two decades after…
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