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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.
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]
Kraft Foods Inc. (/ ˈ k r æ f t /) was a multinational confectionery, food and beverage conglomerate. It marketed many brands in more than 170 countries. Twelve of its brands annually earned more than $1 billion worldwide: Cadbury, Jacobs, Kraft, LU, Maxwell House, Milka, Nabisco, Oreo, Oscar Mayer, Philadelphia, Trident, and Tang.
Mondelez International, Inc. ( / ˈmɒndəˌliːz / MON-də-LEEZ ), [3] styled as Mondelēz International, is an American multinational confectionery, food, holding, beverage and snack food company based in Chicago. [4] Mondelez has an annual revenue of about $26.5 billion and operates in approximately 160 countries. [5]
In 2001, Kraft Foods Inc. bought Nabisco for US$14,000 million, taking over all the Terrabusi line of products. Nabisco would then acquire other local food companies (mainly cookies manufacturers) such as Canale (popular brand of biscuits and owner of Cerealitas cracker brand, managed by Grupo Macri that had losses for AR$14,014,113 in 1998 ...
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.
HD2796.R57 B87 1990. Barbarians at the Gate: The Fall of RJR Nabisco is a 1989 book about the leveraged buyout (LBO) of RJR Nabisco, written by investigative journalists Bryan Burrough and John Helyar. The book is based upon a series of articles written by the authors for The Wall Street Journal. [1] The book was made into a 1993 made-for-TV ...