Kraft Foods Inc.

Kraft Foods Inc.
Company typePublic
NYSE: KFT
IndustryFood
Founded1909 (1909) (as J.L. Kraft and Bros. Company)
December 10, 1923 (1923) (as National Dairy Products Corporation)
FounderJames L. Kraft (as J.L Kraft and Bros. Company)
Thomas H. McInerney
Edward E. Rieck (as National Dairy Products Corporation)
DefunctOctober 1, 2012 (2012-10-01)
FateSplit into two companies, Mondelez International and Kraft Foods Group
Successor
HeadquartersNorthfield, Illinois, U.S.
Area served
Worldwide
Key people
Irene Rosenfeld (chairman & CEO)
ProductsUltra-processed food

Kraft Foods Inc. (/ˈkræft/) was a multinational confectionery, food and beverage conglomerate.[1] It marketed many brands in more than 170 countries. Twelve of its brands annually earned more than $1 billion worldwide: Cadbury, Jacobs, Kraft, LU, Maxwell House, Milka, Nabisco, Oreo, Oscar Mayer, Philadelphia, Trident, and Tang.[2] Forty of its brands were at least a century old.[3]

The company was headquartered in Northfield, Illinois, near Chicago.

Kraft was listed on the New York Stock Exchange and became a component of the Dow Jones Industrial Average on September 22, 2008, replacing the American International Group.[4] In August 2011, the company announced plans to split into a North American grocery products business and a faster-growing global snacks company.[5] 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,[6][7] now a part of Kraft Heinz.[8]

  1. ^ Cite error: The named reference kficompany was invoked but never defined (see the help page).
  2. ^ "Developing Markets' Growth Rockets Tang To "Billion-Dollar" Status". Kraft Foods. Archived from the original on March 14, 2012. Retrieved August 4, 2011.
  3. ^ "Largest Brands". Kraft Foods. April 8, 2011. Archived from the original on August 1, 2011. Retrieved August 4, 2011.
  4. ^ Cite error: The named reference DJIA was invoked but never defined (see the help page).
  5. ^ Helen Thomas (August 4, 2011). "Kraft announces plans to split". The Financial Times. Archived from the original on September 26, 2011. Retrieved August 4, 2011.{{cite news}}: CS1 maint: bot: original URL status unknown (link)
  6. ^ "News Releases". phx.corporate-ir.net. Archived from the original on January 14, 2016. Retrieved March 25, 2015.
  7. ^ "Mondelez? Puh-LEEZE!", Jess Collen, Forbes, 21/03/2012
  8. ^ "Kraft Heinz Company". Retrieved August 11, 2016.

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