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Kraft Foods Inc. (/ ˈ k r æ f t /) was a multinational confectionery, food and beverage conglomerate. [4] 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. [5]
The Kraft Heinz Company (KHC), commonly known as Kraft Heinz (/ ˈkræft ˈhaɪnz /), is an American multinational food company formed by the merger of Kraft Foods and H.J. Heinz Company co-headquartered in Chicago and Pittsburgh. [4][5] Kraft Heinz is the third-largest food and beverage company in North America and the fifth-largest in the ...
22,500 (2015) Parent. Kraft Heinz. Website. kraftheinzcompany.com. 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.
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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] The name of the newly merged company would be Jacobs Douwe Egberts. [26] The merger was confirmed on May 6, 2014, and completed on July 2, 2015. [27] [28]
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]
Farley's and Sathers. Farley's and Sathers, as an independent company, was formed in January 2002 in Round Lake, Minnesota from assets purchased from Kraft Foods for a reported $50 million. [10][52] At the time, 2001 sales of the brands and products acquired were estimated to be $220 million.
Transaction values are given in the US dollarvalue for the year of the merger, adjusted for inflation. As of February 2024[update], the largest ever acquisition was the 1999 takeover of Mannesmannby Vodafone Airtouch plcat $183 billion ($334.7 billion adjusted for inflation).