Kraft Foods Inc.
Defunct American food and beverage company / From Wikipedia, the free encyclopedia
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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]
Company type | Public |
---|---|
NYSE: KFT | |
Industry | Food |
Founded | 1909; 115 years ago (1909) (as J.L. Kraft and Bros. Company) December 10, 1923; 101 years ago (1923) (as National Dairy Products Corporation) |
Founder | James L. Kraft (as J.L Kraft and Bros. Company) Thomas H. McInerney Edward E. Rieck (as National Dairy Products Corporation) |
Defunct | October 1, 2012; 11 years ago (2012-10-01) |
Fate | Split into two companies, Mondelez International and Kraft Foods Group |
Successor |
|
Headquarters | Northfield, Illinois, U.S. |
Area served | Worldwide |
Key people | Irene Rosenfeld (chairman & CEO) |
Products | Ultra-processed food |
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]