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Kraft Foods Inc. (/ ˈ k r æ f t /) 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 Tang. [5]
By 1900, the company had 43 employees and Chicago-wide delivery service. In 1904, Oscar Mayer began branding its meats to capitalize on their popularity, beginning an industry-wide trend. Early company specialties were "Old World" sausages and Westphalian hams , soon followed by bacon and wieners.
Berkshire Hathaway Inc. (/ ˈ b ɜːr k ʃ ər /) is an American multinational conglomerate holding company headquartered in Omaha, Nebraska.Founded in 1839 as a textile manufacturer, it transitioned into a major conglomerate starting in 1965 under the management of chairman and CEO Warren Buffett and vice chairman Charlie Munger.
Anheuser-Busch was established in 1852 in St. Louis, Missouri, US as Anheuser & Co. It is the largest brewing company in the United States and employs over 30,000 people. It was the world's largest brewing company based on revenue , but third in brewing volume, before the acquisition by InBev announced 13 July 2008.
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In 1921, when George's son Jay Hormel returned from service in the World War I, he uncovered that assistant controller Cy Thomson had embezzled $1,187,000 from the company over the previous ten years. [11]
Dot Foods was founded in 1960, by Robert F. Tracy, and was originally named Associated Dairy Products to reflect the nature of the business at the time. Tracy began the enterprise by selling an assortment of dairy products from the back of the family station wagon. [2]
Horizontal integration is the process of a company increasing production of goods or services at the same level of the value chain, in the same industry.A company may do this via internal expansion or through mergers and acquisitions.