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In 2012, Kraft contributed $1,950,500 to a $46 million political campaign known as "The Coalition Against The Costly Food Labeling Proposition, sponsored by Farmers and Food Producers" [86] The organization was founded to oppose Proposition 37, a California citizen's initiative mandating the labeling of foods containing genetically modified ...
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".
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 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 was an amateur jewelry maker and would find unpolished jade on the road, which he would shape, polish, and set into rings. The rings were then given as awards to outstanding employees, and they often became family heirlooms. [11] Kraft even wrote a book on jewelry called Adventure in Jade and owned jade mines in Alaska and California. [12]
The same day, Kraft Heinz announced their plans to sell its nuts business, including the Planters brand to Hormel for $3.35 billion. [45] The transaction was completed on June 7. [46] In September 2021, Kraft Heinz announced that Hemmer, a Brazilian company focused on condiments and sauces, was being acquired for an undisclosed amount. [47]
The company added plants in Houston, Texas; and San Leandro, California. Kraft Foods sold the Houston plant to Maximus Coffee Group LP in late 2006. [29] In March 2007, the neon coffee cup sign that glowed over the city's east end was removed from the side of the 16-story coffee roaster building and the plant closed in 2018. [30]
Cheez Whiz is a brand of processed cheese sauce and spread produced by Kraft Foods.It was developed by a team led by food scientist Edwin Traisman (1915–2007). It was first sold in 1952, and, with some changes in formulation, continues to be in production today.