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In 2000, Philip Morris Companies Inc. acquired Nabisco and merged it with Kraft Foods in one of the largest mergers in the food industry. In 2011, Kraft Foods announced that it was splitting into a grocery company and a snack food company. Nabisco became part of the snack-food business, which took the name Mondelēz International.
Main article: Kraft Foods Inc. § History. Mondelez International is rooted in the National Dairy Products Corporation (National Dairy), which was founded on December 10, 1923, by Thomas H. McInnerney and Edward E. Rieck. The firm was initially set up to execute on a rollup strategy in the fragmented United States ice cream industry.
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Formation. R. J. Reynolds Tobacco Company was founded in Winston-Salem, North Carolina, in 1875 and changed its name to R. J. Reynolds Industries, Inc. in 1970. It became RJR Nabisco on April 25, 1986, after the company's $4.9 billion purchase, and earlier 1.9 billion stock swap, of Nabisco Brands Inc. in 1985. [5] [6]
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Shreddies were produced under the Nabisco name until the brand in Canada was purchased in 1993 by Post Cereals, whose parent company in 1995 became Kraft General Foods, which sold Post to Ralcorp in 2008 and is now Post Foods Canada Corp., a unit of Post Holdings, which was spun off from Ralcorp in 2012. [citation needed]
After the Kraft merger, they went by "Kraft Cheese Nips." However, on November 21, 2019, there was a recall on Cheese Nips due to a plastic contamination. As of 2020, Cheese Nips have since been discontinued as said by a Nabisco representative. They are still sold in Canada by a brand named "Christie" as "Ritz Cheese Nibs" as of 2022, however.
The 2007 Kraft Nabisco Championship was the 36th Kraft Nabisco Championship, held March 29 to April 1 at Mission Hills Country Club in Rancho Mirage, California, southeast of Palm Springs. This was the 25th edition of the event as a major championship and the total purse was $ 2 million, with a winner's share of $300,000.