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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.
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 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]
James L. Kraft was a Canadian-American entrepreneur and inventor who founded Kraft Foods Inc. He patented a process for pasteurizing cheese and had a brother named Norman who worked in the company.
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At the time of the split, Kraft Foods (which included brands such as Oscar Mayer, Planters, Velveeta, Kool-Aid, Miracle Whip, Capri Sun, A1, Cool Whip and Jell-O) was the fourth-largest food and beverage company in North America, trailing PepsiCo, Nestle and Coca-Cola. [4] His salary jumped by 49% during his first year as CEO to $6.83 million. [5]
Mondelez International is an American multinational food company that produces snacks, confectionery, and beverages. It was formed in 2012 from the split of Kraft Foods, and has brands such as Oreo, Cadbury, Milka, and Tang.
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