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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 ...
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]
It was structured so that Kraft Foods changed its name to Mondelez International and spun off Kraft Foods Group as a new publicly traded company. [25] Kraft Foods Group later merged with Heinz to become Kraft Heinz. [24] In 2014, the company announced a merger of its coffee business with the Dutch firm Douwe Egberts. [26]
In 2000, Philip Morris (renamed Altria in 2003) acquired Nabisco Holdings for $18.9 billion and merged the company with Kraft Foods the same year. [4] In 2001, Philip Morris sold 280 million Kraft shares via the third-largest IPO of all time, retaining an 88.1% stake in the company. In March 2004, Kraft acquired juice maker Veryfine. [39]
Robert Kenneth Kraft[ 1 ] (born June 5, 1941) is an American billionaire businessman. He is the chairman and chief executive officer (CEO) of the Kraft Group, a diversified holding company with assets in paper and packaging, sports and entertainment, real estate development, and a private equity portfolio.
Mark Clouse. Mark A. Clouse (born July 5, 1968) is an American business executive in the food industry. Since January 22, 2019, he has been the president and CEO of Campbell Soup Company. Prior to that, he was the CEO of Pinnacle Foods from May 2016 through its acquisition by Conagra in late October 2018. He had previously spent two decades at ...
He was chairman of Kraft Heinz from 2015 to 2022, having previously been chairman at the H.J. Heinz Company since 2013 for which he led 3G's 2013 acquisition of Heinz alongside Warren Buffett's Berkshire Hathaway. [10] Behring was on the boards of Anheuser-Busch InBev, CSX Corporation, and Hunter Douglas, joining the latter in 2022. [9]
Bernardo Hees. Miguel Patricio (born 1966/1967) is a Portuguese businessman, and the CEO of Kraft Heinz. He succeeded Bernardo Hees in July 2019.