Warren Buffett about Craft Heins Breakup

In 2015, Berkeshire Heathwei’s CEO Warren Buffett helped to arckettrate Craft Heinz Mega Integration. On Tuesday, Craft Heains announced that it was being divided into two companies, which a decade ago had effectively banned Buffett.

Burkeshire Heathwee’s craft is 27.5 % shares in Heinz and is its largest shareholder, per CNBC. Buffett told CNBC’s Becky Quick On Tuesday, she’s “frustrated”.

“They were disappointed with this idea, and was disappointed that the shareholders would not get a vote,” said Quick.

Related: Warren Buffett made 95 % of his wealth after the age of 65. Here, how much has its pure value increased to retirement age.

Under the new deal, which will be expected in 2026, a company will focus on shelf stable food, spread and sauce, and will include brands such as Heins, Philadelphia Cream Cheese, and Craft Mac & Cheese. The second will host Maxwell House, Oscar Mayor, Craft Singles, and Lunch. According to the app. The names of both are coming.

The CNBC noted that after the integration in 2015, the shares of Craft Heins have decreased by about 70 percent. Changing food tastes, the desire for healthy options with low -prostitutes, and the modern cooking methods have all been blamed for this fall.

In 2019, Buffett said According to per writer, he was “wrong in a couple of ways on the craft heinings.”

Buffett is retiring from the post of CEO of Burkeshire Heathwee on January 1, 2026.

Related: ‘It was unfair’: Warren Buffett revealed the real reason why he retired as CEO