Kraft Heinz Company
(Redirected from Kraft)Jump to navigation Jump to search
Kraft Heinz is an American processed foods company, formed in 2015 by the merger of Kraft Foods Group Inc and HJ Heinz Company, engineered by private equity firms 3G Capital Inc and Berkshire Hathaway Inc.
Kraft Heinz sells its products in: the USA: 70%; Europe: 9.1%; Canada: 8.3%; Other: 12.6%. Product sales are as follows:
- 24.5%: Ketchup, sauces and condiments;
- 20.9%: Cheese and dairy products;
- 18.6%: Snacks, prepared and frozen meals
- 11.2%: Drinks: refreshing drinks, energy drinks, fruit juice, coffee, etc;
- 9.9%: Meats and Seafoods;
- 3.6%: Confectionery, desserts and snacks;
- 2.9%: Nutrition and infant foods: cereals, milk, biscuits, etc;
- 8.4%: Other.
- Boca Burger
- Capri Sun
- Gevalia coffee
- Golden Circle
- Grey Poupon
- Jell-O desserts
- Master Soy Sauce
- Maxwell House coffee
- Miracle Whip salad dressing,
- Oscar Mayer
- Ore Ida
- Oscar Mayer processed meats
- O, That's Good!
- Philadelphia Cream Cheese
- Primal Kitchen
- Smart Ones
- Velveeta, a food laboratory product that has nothing to do with cheese.ref,ref
- Weight Watchers
Total float: 25.8%
- 26.7% Berkshire Hathaway Inc
- 20.1% 3G Capital Inc ,
- 4.51% Vanguard Group Inc
- 2.47% SSgA Funds Management Inc
- 1.61% Franklin Mutual Advisers LLC
- 1.24% BlackRock Fund Advisors
- 0.83% SunAmerica Asset Management LLC
- 0.81% Geode Capital Management LLC
- 0.68% Norges Bank Investment Management
- 0.64% Northern Trust Investments Inc,
Kraft Heinz Company
- Sept.2020: Kraft Heinz sold its USA natural, grated, cultured and specialty cheese businesses, and its Canadian grated cheese business, to a USA affiliate of France's Groupe Lactalis SA.ref
- Jul.2015: Kraft Heinz Company Kraft completed its merger with Heinz, ref resulting in the 5th-largest food company in the world.ref
- Mar.2015: Kraft announced its merger with Heinz, arranged by private equity firms Berkshire Hathaway Inc and 3G Capital Inc.ref,ref
Kraft Foods Group Inc
Kraft Foods Group was formed in Oct.2012 when Kraft Foods Inc spun off its North American grocery business to a new company chiefly focused on grocery products in the North American market.ref,ref
- Jul.2015: Kraft Heinz Company: Kraft Foods Group Inc merged with #HJ Heinz Holding Corporation.ref The merger was arranged by the private equity owners of HJ Heinz, Berkshire Hathaway and 3G Capital.ref
- Oct.2012: Kraft Foods Group Inc: Kraft Foods Inc spun off its North American grocery business to a new company, chiefly focused on grocery products in the North American market. Kraft Foods Group commenced trading on the New York Stock Exchange.ref
- Aug.2011: Kraft Foods Inc announced plans to split into two publicly traded companies: a snack food company and a grocery company.ref
HJ Heinz Company
Heinz is an American food processing company, headquartered in Pittsburgh, Pennsylvania. Founded in 1876, the company is famous world-wide for its best-selling Heinz Tomato Ketchup, Heinz Salad Cream (an acquired taste), and Lea & Perrins Worcestershire sauce.
- 2018: India: Heinz sold a portion of the business, including Complan and Glucon-D, to Indian pharmaceutical and consumer products company Zydus Wellness Ltd and its parent Cadila Healthcare Ltd. The assets included brands such as Nycil talcum powder, and Sampriti Ghee clarified butter.ref
- ?date?: India: Glaxo India's foods division was acquired, including the Complan, Glucon D, Glucon C, Sampriti Ghee, and Nycil products and brands.
- Nov.2013: Restructure: Heinz announced the closure of its Leamington facility in May 2014, with 800+ jobs lost. Ketchup processing operations were consolidated at the company's USA locations. The news did not go down well with Canadians.
- Aug.2013: Jobs: Heinz announced it was cutting 600 jobs in North America.ref
- Jul.2013: Kraft Heinz Company: HJ Heinz Company was merged with Kraft Foods Group Inc. ref
- Jun.2013: HJ Heinz Company was purchased by private equity firms Berkshire Hathaway and 3G Capital.ref Berkshire Hathaway and 3G each owned 50%, with 3G running the company.ref
- Feb.2013: LongFong Food, a Heinz subsidiary in China, was sold to Sanquan Food, a Chinese frozen food company. Heinz (China) refocused on infant foods and sauces in emerging markets.ref
- May.2011: Restructure: the factory in Girgarre, Victoria was closed; the factories in Northgate, Brisbane and Wagga Wagga were downsized, with the loss of 300+ jobs.ref,ref A further factory in Girfarre was closed in Jan.2012, with 146 jobs lost.ref
- Oct.2008: Golden Circle, an Australian company which manufactured 500+ products, was acquired.ref
- 2007: Restructuring: HP Foods' factory in Aston, Birmingham was demolished, and production was moved to the Netherlands.ref,ref,ref
- Jun.2005: #HP Foods Ltd, a Bimingham-based producer of HP, Lea & Perrins and Daddies sauce brands, was acquired from Danone SA.ref
- 2002: StarKist and 9Lives brands were sold to Del Monte Foods Inc.ref
- 2001: Borden Foods pasta sauce, dry bouillon and soup business was acquired.ref
- 1999: PT Heinz ABC Indonesia: a 65% share in PT ABC Central Food was acquired.ref,ref
- ??.1995: Kraft General Foods Inc's foodservice unit was acquired.
- ??.1994: Kraft General Foods Inc's frozen dinners business was acquired.
- ?date?: acquired Ore-Ida and Starkist Tuna were acquired.
- Post-War: The company expanded with plants in several nations overseas, greatly expanding its international presence.
- 1914: Heinz Salad Cream was invented in England.ref
- 1908: Canada: HJ Heinz was established in a former tobacco factory in Leamington, Ontario.
- 1905: UK: HJ Heinz opened its first overseas office in London. A factory at Harlesden, London was opened in 1919.ref
- 1905: HJ Heinz Company was incorporated.
- 1896: 57 varieties: The slogan was introduced. Heinz picked the number at random because he liked the sound of it.
- 1888: HJ Heinz Company: Heinz bought out his two partners and reorganized the company.
- 1876: F & J Heinz: Heinz founded another company with his brother John Heinz and a cousin, Frederick Heinz. One of the first products was Heinz Tomato Ketchup.
- 1875: The company went bankrupt.
- 1869: Heinz, Noble & Company: Henry John Heinz and his friend L Clarence Noble began marketing horseradish, manufactured in the basement of his father's former house. Henry J Heinz had begun by packing foodstuffs in Sharpsburg, Pennsylvania,