Wednesday, August 21st 2019

KFT - Kraft

Kraft Foods Inc. (NYSE:KFT) traces its roots all the way back to 1767, where they say Candied fruit peels from Bayldon and Berry were sold to citizens of York, England, which soon was joined by a man named Joseph Terry, which was eventually named Terry's of York.

To make a long story short, James L. Kraft eventually launched a cheese manufacturing plant in Chicago, Illinois, which was a wholesale cheese business, which ultimately became Kraft Foods.

The grocery and food product manufacturer is now the second-largest in the world, and includes well-known brands like Maxwell House and Jacobs coffee, along with Philadelphia cream cheese and Nabisco cookies.

In March of 2007, Kraft was spun off from the former Philip Morris company, Altria Group Inc., and has been operating independently of them since.

The company has operations under two commercial umbrellas: Kraft North America and Kraft International. Within those parameters they serve five consumer sectors, including grocery, beverages, snacks, cheese and convenient meals.

Recent major acquisitions by Kraft include Groupe Danone's biscuit and cereal division for $7.2 billion and Cadbury, which was valued at $19.5 billion.

Kraft has its headquarters in Northfield, Illinois.

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