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Decaffeinated coffee was developed in 1903 (see Decaffeination: Roselius process) by a team of researchers led by Ludwig Roselius in Bremen, Germany. [2] [3] It was first sold in Germany and many other European countries in 1905–1906 under the name Kaffee HAG (short for Kaffee Handels-Aktien-Gesellschaft, or Coffee Trading Public Company). [4]
Kraft's acquisition of Capri Sun was expected to strengthen the former's share in the juices and drinks market and increase the latter's marketing power. [49] The acquisition covered marketing rights in the United States (extending to Puerto Rico), Canada, [e] and Mexico, [f] [55] the former two of which Kraft retains rights in as of 2022. [56]
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. [17] Kraft's shares rose about 17 percent in premarket trading after the announcement of the deal, which will bring Heinz back to the public market following its takeover over two years prior. [18]
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.
"General Foods International Coffees" underwent a name change in late 2005 to simply "General Foods International" in order to accommodate recent additions of non-coffee-based beverages (Chai latte and Vanilla Creme). In 2009, it began to carry a "From the makers of Maxwell House" secondary label. During the summer of 2010, this product line ...
With Baker's help, Hannon set up a business where he produced "Hannon's Best Chocolate" for 15 years. In 1779, Hannon went to the West Indies and never returned. His wife sold the company in 1780 to Dr. Baker, who changed the name to Baker Chocolate Company.
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]
On March 25, 2015, Kraft announced its merger with Heinz, arranged by Berkshire Hathaway and 3G Capital. [9] [10] The resulting Kraft Heinz Company is the fifth largest food company in the world. [11] Berkshire Hathaway became a majority owner of Heinz on June 18, 2015.