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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.
The wealth of brands and products owned by the Kraft Foods company of the early 21st century was largely amalgamated under the stewardship of Philip Morris Companies Inc. The diversified tobacco giant's first major push into the food industry came in 1985 when it acquired General Foods Corporation.
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.
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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In March of 1989 Philip Morris merged the Kraft and General Foods units into one giant entity called Kraft General Foods, Inc. At the helm was Kraft ’ s Michael Miles. As a result of the merger, the company became the largest food marketer in the United States.
