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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.
CHICAGO -- Packaged foods giant Kraft Heinz said Carlos Abrams-Rivera, the company’s executive vice president and president of its North American business, will take over as chief executive...
The firm was initially set up to execute on a rollup strategy in the fragmented United States ice cream industry. Through acquisitions it expanded into a full range of dairy products. By 1930 it was the largest dairy company in the United States and the world, exceeding Borden .
A merger with Heinz, arranged by Heinz owners Berkshire Hathaway and 3G Capital, was completed on July 2, 2015, forming The Kraft Heinz Company, the fifth-largest food and beverage company in the world.
Delayed by a federal antitrust lawsuit, French-based Lactalis Group completed its $3.3 billion acquisition of Kraft Heinz’s natural cheese business Monday and launched a Chicago office to run...
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. Kraft Foods Group later merged with Heinz to become Kraft Heinz. In 2014, the company announced a merger of its coffee business with the Dutch firm Douwe Egberts.
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.
He held the position of chief executive officer (CEO) of The Kraft Heinz Company until stepping down on June 30, 2019. He previously was CEO of The H.J. Heinz Company, Burger King Corporation, and America Latina Logistica, Latin America's largest railroad and logistics company.
James Lewis Kraft (December 11, 1874 – February 16, 1953) was a Canadian-American entrepreneur and inventor and the founder of Kraft Foods Inc. Kraft immigrated to the United States from Canada in 1902. He developed a patented pasteurization process for cheese, allowing it to be shipped long distances, making him the first to patent processed ...
Abrams-Rivera revealed his healthy-living habits as Kraft Heinz looks to improve the nutritional value of its products amid the obesity epidemic and concerns about processed food.