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Kraft Foods Inc. Kraft Foods Inc. (/ ˈkræft /) was a multinational confectionery, food and beverage conglomerate. [4] It marketed many brands in more than 170 countries. Twelve of its brands annually earned more than $1 billion worldwide: Cadbury, Jacobs, Kraft, LU, Maxwell House, Milka, Nabisco, Oreo, Oscar Mayer, Philadelphia, Trident, and ...
In August 2011, Kraft Foods Inc. announced plans to split into two publicly traded companies — a snack food company and a grocery company. [8]On April 2, 2012, Kraft Foods Inc. announced that it had filed a Form 10 Registration Statement to the SEC to split the company into two companies to serve the "North American grocery business".
The present enterprise was established in 2012 when Kraft Foods was renamed Mondelez and retained its snack food business, while its grocery business was spun off to a new company called Kraft Foods Group. The name is derived from the Latin word mundus ("world") and delez, a fanciful modification of the word "delicious." [7] [8] [9]
The Kraft Heinz Company. Financials as of fiscal year ended December 30, 2023. The Kraft Heinz Company (KHC), commonly known as Kraft Heinz (/ ˈkræft ˈhaɪnz /), is an American multinational food company formed by the merger of Kraft Foods and H.J. Heinz Company co-headquartered in Chicago and Pittsburgh. [4][5] Kraft Heinz is the third ...
James Lewis Kraft (/ ˈkræft /; December 11, 1874 – February 16, 1953) was a Canadian-American entrepreneur and inventor and the founder of Kraft Foods Inc. Kraft immigrated to the United States from Canada in 1902. He developed a patented pasteurization process for cheese, allowing it to be shipped long distances, making him the first to ...
Alamy By Herb Weisbaum It's one of the million little things you need to do when you move -- contact the postal service to change your mailing address. Here's where the problem can occur: Many ...
On March 25, 2015, Kraft Foods Group Inc. announced that it would merge with the H. J. Heinz Company, owned by 3G Capital and Berkshire Hathaway Inc., to form the world's fifth-largest food and beverage company. [42] The companies completed the merger on July 2, 2015. [43] In 2024, Carlos Abrams-Rivera took over as CEO of Kraft Heinz Co. [44]
In 1981, Oscar Mayer stockholders elected to sell the company to General Foods. [5] Four years later, Philip Morris acquired General Foods, and in 1989 merged General Foods with the newly acquired Kraft Foods transforming it into Kraft General foods. Shares of Kraft Foods were first offered to the public via an initial public offering in 2001.