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History. Fltr: James Lewis Kraft (1874–1953) and Henry John Heinz (1844–1919), the founders of the companies that merged into today's The Kraft Heinz Company. The merger of Kraft Foods and H.J. Heinz was agreed to by the boards of both companies, with approval by shareholders and regulatory authorities in early 2015.
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.
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. After exercising a warrant to acquire 46 million shares of common stock for a total price of over $461 million, Berkshire increased its stake to 52.5%. [12]
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.
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.
After Kraft Foods Inc. was split into two companies in 2012, the rights to the Maxwell House brands were divided and are currently owned by Kraft Heinz in North America and JDE Peet's (formed from merger of Douwe Egberts and Mondelez International coffee and tea division) in the rest of the world.
Oscar Mayer is an American meat and cold cut producer known for its hot dogs, bologna, bacon, ham, and Lunchables products. The company is a subsidiary of the Kraft Heinz Company and based in Chicago, Illinois .
In 1989, Phillip Morris merged General Foods with Kraft Foods Inc., which it had acquired in 1987, to form the Kraft General Foods division. The cereal brands of Nabisco were acquired in 1993. In 1995 Kraft General Foods was reorganized, and the Kraft Foods name was restored.
It is one of the best selling brands of cream cheese worldwide, first produced in 1872 and currently owned by Kraft Heinz and Mondelez International.
Lea & Perrins (L&P) is a United Kingdom-based subsidiary of Kraft Heinz, originating in Worcester, England where it continues to operate.