Kraft-Heinz splitting up

(CNN)– Kraft Heinz is splitting into two companies sometime next year.

The packaged foods business made the announcement on Tuesday, Sept. 2.

One company will focus on sauces, spreads, and shelf-stable meals that 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.

The new companies have not yet been named.