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American food visitor

This article is virtually the company spun off following the 2012 split of the original and outset Kraft Foods. For the original and the first iteration of visitor that became Mondelez International, run into Kraft Foods Inc. For this company's parent, see Kraft Heinz.

Kraft Foods Grouping, Inc.
Type Sectionalisation[1]
ISIN US50076Q1067
Industry Food processing
Predecessor Kraft Foods Inc.
Founded October i, 2012; 9 years agone  (October 1, 2012)
Fate Merged with Heinz to form Kraft Heinz, remaining as a division
Successor Kraft Heinz
Headquarters Chicago, Illinois, United States

Area served

 Worldwide
Products List of products

Number of employees

 22,500 (2015) Edit this on Wikidata
Parent Kraft Heinz
Website kraftheinzcompany.com

The second incarnation of Kraft Foods (legal proper name Kraft Foods Grouping) is an American nutrient manufacturing and processing conglomerate,[2] divide from Kraft Foods Inc. in 2012 and headquartered in Chicago, Illinois. Information technology became part of Kraft Heinz in 2015.[three]

A merger with Heinz, bundled by Heinz owners Berkshire Hathaway and 3G Capital,[4] [5] was completed on July ii, 2015, forming The Kraft Heinz Company, the fifth-largest food and beverage company in the world.[6] [7]

History [edit]

Spinoff of Kraft Foods Group from Kraft Foods Inc. [edit]

In August 2011, Kraft Foods Inc. announced plans to split into two publicly traded companies — a snack food company and a grocery visitor.[8]

On April 2, 2012, Kraft Foods Inc. announced that information technology had filed a Grade 10 Registration Argument to the SEC to split the company into two companies to serve the "North American grocery business concern".[9]

On Oct one, 2012, Kraft Foods Inc. spun off its N American grocery business to a new company called Kraft Foods Group, Inc. The residuum of Kraft Foods Inc. was renamed Mondelēz International, Inc., and was refocused equally an international snack and confection visitor.[x]

On November xix, 2013, an arbitration ruling ordered Starbucks to pay Kraft Foods Inc. $2.7 billion because of an early contract termination. The coin would go to Mondelēz International, Inc.[11]

Kraft and Heinz merger [edit]

On March 25, 2015, Kraft Foods Group Inc. announced that information technology would merge with the H.J. Heinz Company, owned past 3G Capital and Berkshire Hathaway Inc.[12] Kraft's shares rose about 17 percent in premarket trading subsequently the announcement of the deal, which volition bring Heinz back to the public market post-obit its takeover over two years prior.[xiii] The companies completed the merger on July two, 2015.[14]

Sponsorships and promotions [edit]

Kraft is an official partner and sponsor of both Major League Soccer and the National Hockey League. Since 2006, Kraft Foods has sponsored Kraft Hockeyville, a reality television set series produced by CBC/SRC Sports, in which communities demonstrate their commitment to the sport of ice hockey in a contest revolving around the theme of community spirit. The winning community gets a cash prize dedicated to upgrading their hometown loonshit, every bit well as the opportunity to host an NHL preseason game. In 2007, it was so relegated to segments aired during Hockey Night in Canada. In 2015, Kraft Hockeyville was expanded to the United States with a separate contest for communities in that location.

From 2002 to 2014, Kraft sponsored the Kraft Nabisco Championship, i of the 4 "majors" on the LPGA bout. The visitor also sponsored the Kraft Fight Hunger Bowl, a post-season college football bowl game, from 2010 to 2012.

Brands [edit]

The old Kraft logo notwithstanding seen on some Kraft-branded products

The visitor's core businesses are in drink, cheese, dairy foods, snack foods, and convenience foods. Kraft'southward major brands include:[15]

  • A.1.
  • Boca Burger
  • Capri Sun (U.S. Licensee)
  • Claussen pickles
  • Gevalia
  • Gray Poupon
  • Horsemen
  • Jell-O
  • Kool-Aid
  • Kraft, including Kraft Dinner, Kraft Singles, Kraft Mayo
  • Maxwell House
  • Oscar Mayer
  • Philadelphia Cream Cheese
  • RIDG'south Finer Foods, licensing name used by Kraft addressing Bull's-Heart Barbecue Sauce
  • Vii Seas – salad dressings[sixteen] [17]
  • Velveeta

[edit]

For years, Kraft purchased newspaper for its packaging from Asia Lurid & Paper, the tertiary-largest newspaper producer in the world, which was labeled equally a "woods criminal" for destroying precious habitat in Indonesia'southward rainforest.[18] In 2011, when Kraft canceled its contract with Asia Pulp & Paper, Greenpeace Executive Managing director Phil Radford commended Kraft for efforts fabricated towards woods protection, for "taking rainforest conservation seriously".[19]

Controversy [edit]

Nutrient quality [edit]

In 2013, food blogger and activist Vani Hari and blogger Lisa Leake launched an online petition drive to compel Kraft Foods Grouping, Inc. to remove controversial constructed dyes Yellow 5 (labeled every bit Tartrazine) and Yellow six from its signature macaroni and cheese products.[20] In Apr 2013, Hari and Leake delivered a petition with some 270,000 signatures to Kraft headquarters in Chicago, Ill., and asked the company to change its macaroni and cheese recipes.[21] [22] In October 2013, Kraft announced that it would remove artificial dyes from three macaroni and cheese varieties made in child-friendly shapes, but not its plain elbow-shaped Kraft Macaroni and Cheese production with "original flavor".[23] However, in 2017 the New York Times highlighted the continued prevalence of harmful chemicals of phthalates, which tin can cause male person hormone disruption, that were found in high concentrations in Kraft boxed macaroni and cheese powder.[24]

Factory pollution [edit]

In 1989, Kraft Foods was listed as one of the top polluters in Ontario,[25] for polluting Hoople Creek (Ingleside, Ontario) with phosphorus, suspended solids, and oxygen-destroying fabric.

See also [edit]

  • List of Kraft brands
  • List of dairy product companies in the United States
  • General Foods
  • Ovson Egg

References [edit]

  1. ^ "Prospectus Filed Pursuant to Dominion 424". The Kraft Heinz Company. July 2, 2015. Archived from the original on Feb sixteen, 2016. Retrieved February 11, 2016.
  2. ^ "Kraft Foods Inc". Funding Universe. 2002. Archived from the original on October 17, 2006. Retrieved March 10, 2008.
  3. ^ "Kraft Heinz moving Illinois headquarters from Northfield to Chicago". world wide web.bizjournals.com . Retrieved September 16, 2018.
  4. ^ Giammona, Craig; Boyle, Matthew (March 25, 2015). "Kraft Volition Merge With Heinz in Deal Backed by 3G and Buffett". Bloomberg News. Retrieved July eight, 2018.
  5. ^ "Kraft Foods to merge with ketchup maker Heinz". Reuters. March 25, 2015. Retrieved March 25, 2015.
  6. ^ Feeney, Nolan (March 25, 2015). "Kraft and Heinz Merge to Become World's 5th-Largest Nutrient Company". Time.
  7. ^ Coyne, Justine (July 2, 2015). "Goodbye H.J. Heinz Co.; Kraft Heinz merger a done deal". Pittsburgh Business Times . Retrieved July 3, 2015.
  8. ^ "Kraft Foods Announces Intent to Create 2 Independent, Publically [sic] Traded Companies" (Press release). Kraft Foods. August 4, 2011. Retrieved July 8, 2018 – via PR Newswire.
  9. ^ "Kraft Foods Announces Filing Of Class 10 Registration Argument For Planned Spin-Off Of North American Grocery Visitor" (Printing release). Kraft Foods. April 2, 2012. Retrieved April 9, 2012 – via PR Newswire.
  10. ^ Rushe, Dominic (March 21, 2012). "Kraft spins off snacks business into new Mondelez International visitor". The Guardian. London. Retrieved March 21, 2012.
  11. ^ Jed, Emily (Nov xix, 2013). "Starbucks To Pay Kraft $ii.vii Billion For Early Contract Termination". Vending Machine News . Retrieved July eight, 2018.
  12. ^ "H.J. Heinz Company And Kraft Foods Grouping Sign Definitive Merger Understanding To Form The Kraft Heinz Company" (Press release). March 25, 2015. Retrieved March 26, 2015.
  13. ^ "Kraft and Heinz merger to grade globe'due south fifth-largest nutrient company led by Warren Buffett". Reuters. March 25, 2015. Retrieved March 25, 2015.
  14. ^ "The Kraft Heinz Company Announces Successful Completion of the Merger between Kraft Foods Grouping and H.J. Heinz Belongings Corporation" (PDF) (Press release). The Kraft Heinz Visitor. July 2, 2015. Archived from the original (PDF) on July 14, 2015. Retrieved Jan 23, 2015.
  15. ^ "Largest Brands". Kraft Foods Group. 2012. Retrieved October 28, 2012.
  16. ^ "Processed Prepared Food". 151. Gorman Publishing Company. 1982: 38. Retrieved June 12, 2018.
  17. ^ Wilbur, T. (2000). Low-Fat Summit Secret Recipes. Penguin Publishing Group. p. 105. ISBN978-ane-101-15388-eight . Retrieved June 12, 2018.
  18. ^ "Paper Behemothic Pledges to Leave the Poor Rainforest Alone. Finally. Asia Lurid & Paper—the notorious destroyer of pristine tiger and orangutan habitat—says information technology'due south changing its ways". Mother Jones . Retrieved November 27, 2013.
  19. ^ Radford, Phil. "Hasbro Turns Over a New Leaf, Steps Upwards for Rainforests". Huffington Mail . Retrieved November 27, 2013.
  20. ^ Bachai, Sabrina (Nov 1, 2013). "Kraft To Remove Artificial Dyes From Mac And Cheese: Yellowish Dye Linked To Hyperactivity In Children". Medical Daily . Retrieved July 8, 2018.
  21. ^ Harris, Paul (April two, 2013). "Kraft meets with bloggers protesting chemic additives in mac'northward'cheese". The Guardian . Retrieved Feb 12, 2014.
  22. ^ Wilson, Jacque. "Kraft removing bogus dyes from some mac and cheese". CNN. Retrieved February 12, 2014.
  23. ^ "Kraft to remove artificial dyes from macaroni & cheese". New York Post. Associated Press. October 31, 2013. Retrieved July 8, 2018.
  24. ^ Rabin, Roni Caryn (July 12, 2017). "The Chemicals in Your Mac and Cheese". The New York Times. ISSN 0362-4331. Retrieved Dec 23, 2018.
  25. ^ Tom Spears (March 11, 1989). "The Muddy Dozen". The Toronto Star. p. D1 and D5.

External links [edit]

  • Official website Edit this at Wikidata

augustinedrablent.blogspot.com

Source: https://en.wikipedia.org/wiki/Kraft_Foods

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