Kraft Foods

Categories: Food | Companies
    • Ticker: KFT (NYSE)
    • Spun off from parent company Altria in 2007
    • Headquarters: Northfield, Illinois
    • CEO: Irene Rosenfeld
    • Founded: 1903
    • Largest cookie and cracker business in the world
    • International business includes 155 countries

  • Kraft Foods are a major food conglomerate, and North America's second largest food and beverage company, behind PepsiCo. Kraft is owned by Altria Group, formerly The Philip Morris Company.

    James Kraft started as a traveling cheese salesman, and the company evolved from his J.L. Kraft and Bros. Company, which was selling 31 varieties of cheese nationwide by 1914. The company went public in 1924 and became Kraft Cheese Company. It was first acquired by National Dairy Products Corporation. James Kraft died in 1953.

  • Products

    Kraft Foods own several brands recognized worldwide, including Cheez Whiz, Chips Ahoy!, Nabisco, Oscar Mayer and Planters. They also package and distribute all Starbucks and Taco Bell grocery store products.

  • Business Statistics

    Kraft has over 100,000 employees and posted earnings of over $37 billion on 2007. The company posted a 13 percent drop in the first quarter of 2008, earning a $608 million on sales of $10.37 billion.

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