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Kraft Foods Inc. was a multinational food company that split into Mondelez International and Kraft Heinz in 2012. It started as a cheese company in 1909 and acquired many brands in dairy, snacks, beverages and confectionery.
Kraft Foods Group, Inc. was an American food manufacturing and processing conglomerate, [2] split from Kraft Foods Inc. on October 1, 2012, and was headquartered in Chicago, Illinois. It became part of Kraft Heinz on July 2, 2015.
On December 1, 2023, a federal jury in Illinois awarded $17.8 million to several large food companies, including Kraft Heinz, in a lawsuit against Cal-Maine Foods, Inc. and others over allegations of egg price fixing. Cal-Maine Foods, contesting the verdict, insists on its innocence and the absence of wrongdoing in its business practices. [67]
In August 2011, Kraft Foods announced plans to split into two publicly traded companies, an international snack-food company and a North American grocery company. [22] [23] The snack-food company, called Mondelez International, would be the legal successor of the old Kraft Foods, while the grocery company would be a new company, Kraft Foods Group.
Kraft Foods Group (NAS: KRFT) is entering a new era after its recent corporate break-up. Its brand power is indisputable, and its market share dominates. But Kraft's growth potential is limited ...
Heinz was founded by Henry J. Heinz in 1869 and started with horseradish as its first product. The company later expanded to ketchup, sauces, condiments and other food products worldwide.
Robert A. "Bob" Eckert (born 1954) is an American businessman, chairman and CEO of Mattel from 2000 to 2011, CEO of Kraft Foods from 1997 to 2000, and an operating partner with the private equity firm Friedman Fleischer & Lowe.
John T. Cahill is an American businessman who served as CEO of Kraft Foods and is now vice chairman of Kraft Heinz. He graduated from Harvard University and Harvard Business School and has worked for RKO General, Pepsi Bottling Group, Ripplewood Holdings, Hostess Brands and Colgate-Palmolive.