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Kraft Foods Group, Inc. 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.
In April 2009, Kraft Foods recalled products containing pistachios after the discovery of salmonella at one of its Illinois manufacturers. Kraft pinpointed as the source a California pistachio grower, which initially recalled over 2,000,000 pounds (910,000 kg) of nuts before broadening the recall to much of its 2008 crop.
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]
The headquarters is located in Fulton Market, in Chicago, Illinois. [47] In 2020, the company announced that the headquarters was moving from suburban Deerfield, Illinois to Chicago. [ 48 ] Mondelez' North American headquarters was then established in East Hanover , New Jersey , U.S., and a global innovation center was opened in 2023 in nearby ...
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Since the 1880s, Chicago has also been home to firms in other areas of the food processing industry, including cereals, baked goods, and candy. [2] In the twenty-first century, companies such as The Kraft Heinz Company, Wrigley, Sara Lee, and Tootsie Roll Industries, all maintain operations within the Chicago metropolitan area.
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]
Shares of Kraft Foods were first offered to the public via an initial public offering in 2001. Altria Group (formerly Philip Morris) spun off remaining shares of Kraft Foods to Altria shareholders in 2007. On November 4, 2015, owner Kraft Heinz announced it would move the Oscar Mayer headquarters and the company's U.S. meats business from ...