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In September 2020, Kraft Heinz reached a deal to sell part of its cheese business to French multinational dairy products corporation Lactalis for $3.2 billion. [33] [34] The sale included the Breakstone's, Knudsen, Polly-O , Athenos, Hoffman's , and Cracker Barrel cheese brands for the United States, and Cheez Whiz outside of North America. [35]
In August 2011, the company announced plans to split into a North American grocery products business and a faster-growing global snacks company. The snack company, Mondelez International Inc. is recognized as the old Kraft Foods Inc.'s legal successor, while the grocery company was named Kraft Foods, now a part of Kraft Heinz.
Includes brand-name products that are developed, owned or licensed by Mondelez International. The company's core businesses are snack foods and confectionery. Kraft-branded products are made for some international territories by Mondelez International under license from Kraft Heinz Company since 2012.
Bottles of Heinz Tomato Ketchup, a brand owned by The Kraft Heinz Company, are seen in a store in Manhattan, New York, U.S., November 11, 2021.
Kraft, whose brands include Philadelphia Cream Cheese and Heinz ketchup, said it raised prices by 3.8 percentage points in the fourth quarter when demand for its products was also robust.
Kraft Heinz has hired Royal Bank of Canada to review options for its Breakstone's sour cream and cottage cheese business, which could include a sale, people familiar with the situation tell CNBC.
Website. kraftheinzcompany.com. Kraft Foods Group, Inc. ( doing business as Kraft Foods Group) 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.
Kraft Heinz could boost its profits by selling more expensive hardware to eateries on top of the usual sauces. That, in turn, could squeeze out competitors that still use one-sauce-at-a-time systems.
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