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H.J. Heinz

Kraft Heinz teases possibility of a deal as U.S. sales decline

Kraft Heinz teases possibility of a deal as U.S. sales decline

Kraft Heinz, maker of Kraft Mac & Cheese and Heinz ketchup among other brands, could soon acquire another major food company, thus forming a processed food giant that once again changes the entire food industry.

Then again, it might not.

On Friday, executives at Kraft Heinz — co-headquartered in Chicago and Pittsburgh — continued the delicate dance of assuring investors that they don’t need a deal to grow revenue and profits over the long haul, while also saying the company wants to be a force for consolidation. Since Kraft Food Group and H.J. Heinz merged in 2015, the combined company has slashed $1.7 billion from spending and emerged as the industry leader in growing...

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