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The Kraft Heinz Company (KHC), commonly known as Kraft Heinz (/ ˈ k r æ f t ˈ h aɪ n z /), is an American multinational food company formed by the merger of Kraft Foods and H.J. Heinz Company co-headquartered in Chicago and Pittsburgh.
The snack company, Mondelez International Inc. is recognized as the old Kraft Foods Inc.'s legal successor, while the grocery company was named Kraft Foods, now a part of Kraft Heinz.
Kraft Foods Group, Inc. (doing business as Kraft Foods Group) is an American food manufacturing and processing conglomerate, 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.
For years, Kraft Heinz slashed investments in key brands in order to meet aggressive operating profit targets put in place at the time of its merger. Top talent left the company.
PT Heinz ABC Indonesia is an Indonesia-based food and drink subsidiary of Kraft Heinz, based in Jakarta, and manufactures sauces, condiments, juices and syrups. ABC brand was previously owned by PT ABC Central Food Industry, a company that was bought by Heinz in 1999.
On March 25, 2015, Kraft announced its merger with Heinz, arranged by Berkshire Hathaway and 3G Capital. The resulting Kraft Heinz Company is the fifth largest food company in the world. Berkshire Hathaway became a majority owner of Heinz on June 18, 2015.