May 20 (Reuters) - Packaged foods giant Kraft Heinz ( KHC )

said it was looking at strategic transactions as

consumer demand for its pricey snacks and ready-to-eat meals

weakens due to an uncertain economic environment and high

inflation.

The company has been looking for potential merger and

acquisition opportunities "over the past several months", chief

executive officer Carlos Abrams-Rivera said in a statement.

Consumers are turning to healthier processed food products

and a surge in the use of weight-loss drugs has also cast a

shadow on demand for packaged foods. Additionally, tariffs were

adding to Kraft's woes as it lowered its annual organic sales

and profit forecasts last month.

Its hot dogs and cold cuts business, Oscar Mayer, was

attracting interest from several buyers for a deal that could be

worth $3 billion, Reuters reported in October last year.

The company declined to comment further on the nature of the

strategic transactions.

Kraft Heinz ( KHC ) also said Timothy Kenesey and Alicia Knapp,

executives at Berkshire Hathaway ( BRK/A )-owned companies, were

leaving the board of directors after Warren Buffett's

conglomerate said it would no longer hold board seats.