In 2015, two of the biggest brands in packaged foods merged to form Kraft Heinz in a deal engineered by Warren Buffett and private equity firm 3G Capital|Roadsidepictures|CC BY-NC 2.0

Kraft Heinz is considering spinning off its grocery division, which includes many iconic Kraft-branded products, into a separate business valued at around $20 billion, the Wall Street Journal reported.

That would leave the sauces and spreads segment, featuring staples like Heinz Ketchup and Grey Poupon mustard, as a standalone company.

In 2015, two of the biggest brands in packaged foods merged to form Kraft Heinz in a deal engineered by Warren Buffett and private equity firm 3G Capital to dominate the industry. But as the consumer preference shifted away from processed foods towards healthier alternatives, the brands suffered.