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The Kraft Heinz Company (KHC), commonly known as Kraft Heinz (/ ˈ k r æ f t ˈ h aɪ n z /), is an American multinational food company formed by the merger of Kraft Foods and H.J. Heinz Company co-headquartered in Chicago and Pittsburgh.
Who Owns Kraft Heinz Company? Berkshire Hathaway holds the largest stake in Kraft Heinz, with a 26.93% stake and over 325 million shares as of September 2024.
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, [9] [10] now a part of Kraft Heinz. [11]
A merger with Heinz, arranged by Heinz owners Berkshire Hathaway and 3G Capital, [4] [5] was completed on July 2, 2015, forming The Kraft Heinz Company, the fifth-largest food and beverage company in the world.
Kraft Foods was merged with the H.J. Heinz Company in 2015, resulting in the creation of The Kraft Heinz Company. This company is majorly owned by Berkshire Hathaway and 3G Capital, both of which hold significant minority stakes.
Headquarters: Glenview. Kraft is a division and brand of Kraft Heinz Company, one of the world’s largest food and beverage manufacturers, which was formed by the 2015 merger of Kraft Foods Group and H.J. Heinz Holding Corporation. Kraft Foods’ headquarters are in Northfield, Illinois.
In 2013, Berkshire Hathaway and private equity firm 3G Capital collaborated to take the H.J. Heinz Company private. The end goal—which came to fruition less than two years later, in March 2015—was to create a mega company in the food and beverage industry by merging Heinz with Kraft Foods Group.
H.J. Heinz Company and Kraft Foods Group Inc (NASDAQ: KRFT) announced on Wednesday that they have entered into a definitive merger agreement to create a new entity called The Kraft Heinz...
Berkshire Hathaway Inc and Brazilian investment firm 3G Capital, which together bought Heinz in 2013, own 51 percent of Kraft Heinz and control six of its 11 board seats, including one for...
We leverage our scale and agility to unleash the full power of Kraft Heinz across a portfolio of eight consumer-driven product platforms. As global citizens, we're dedicated to making a sustainable, ethical impact while helping feed the world in healthy, responsible ways.