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4 days ago · Kraft was acquired in 1988 by tobacco giant Philip Morris Companies, which had also purchased General Foods in 1985 and went on to buy Nabisco Holdings in 2000. General Foods and Nabisco were integrated into the operations of a food giant with a new name: Kraft General Foods, Inc.
In 1976, its name changed to Kraft, Inc. to emphasize the trademark the company had been known for and as a result of the fact that dairy, other than cheese, was now only a minor part of the company's sales. Reorganization also occurred after the name change.
Philip Morris's designs on the packaged-foods industry became clear when the company purchased Kraft in December 1988 for $12.9 billion. In March 1989 Philip Morris merged the Kraft and General Foods units into one giant entity called Kraft General Foods, Inc.
Mar 25, 2015 · Henry Heinz was big into pickles before ketchup came along. James Kraft gave the world American cheese. (Ironically, he was Canadian.) Now, two companies that revamped how we eat will become...
Kraft Foods Group, Inc. (doing business as Kraft Foods Group) 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. [3]
Aug 7, 2024 · Kraft’s origins began with Canadian immigrant James L. Kraft, who started a wholesale door-to-door cheese business in Chicago with his brothers. They incorporated it in 1909.
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The diversified tobacco giant ’ s first major push into the food industry came in 1985 when it acquired General Foods Corporation. After completing the Kraft acquisition, Philip Morris combined the two food companies to create one subsidiary called Kraft General Foods, Inc.
