THE KRAFT HEINZ COMPANY is an American food company formed by the
Kraft Foods Group and
Heinz in 2015. The merger was backed
3G Capital and
Berkshire Hathaway , which invested US$10 billion in
the deal, making Kraft
Heinz worth about US$46 billion. In 2015, the
Heinz Company had 13 different brands with $500 million or more
each in annual sales.
* 1 Merger
* 2 See also
* 3 References
* 4 Further reading
* 5 External links
The merger was agreed by the boards of both companies, with approval
by shareholders (at the shareholders meeting) and regulatory
authorities. The new company became the world's fifth-largest food
and beverage company and the third-largest in the US. The company is
headquartered in both
Chicago . The companies
completed the merger on July 2, 2015.
Under the merger, Kraft's shareholders received 49% of shares in the
combined company, plus a one-time dividend of US$16.50 per share.
_Fortune_ reports that sluggish growth for Kraft in the US market is
due to consumers turning to natural and organic ingredients.
Alex Behring , 3G Capital's managing partner, is the chairman of the
Bernardo Hees , also a partner of
3G Capital and Heinz's
chief executive officer (CEO), is the CEO of the new company; and John
Cahill , Kraft's CEO, is the vice chairman of the new company.
The merger did not affect the naming rights to
Heinz Field , home of
Pittsburgh Steelers .
On February 17, 2017, it was reported that Kraft
Heinz Co. had made a
$143 billion approach to take over the British-Dutch multinational
Unilever , a significantly larger competitor with 126,000 more
employees and £24bn larger revenue than Kraft Heinz. Unilever
declined the initial proposal. The take over was subsequently
abandoned on 19 February soon after UK Prime Minister
Theresa May had
ordered a scrutiny of the deal.
* Companies portal
* Food portal
List of food companies
List of brand name food products
List of dairy product companies in the United States
* ^ _A_ _B_ "The Kraft
Heinz Company Announces Successful
Completion of the Merger between
Kraft Foods Group and H.J. Heinz
Holding Corporation" (PDF). The Kraft
Heinz Company. 2 July 2015.
Archived from the original (PDF) on 14 July 2015. Retrieved 23 January
* ^ _A_ _B_ _C_ _D_ _E_ _F_ "Financial Results - Kraft
Google Finance . Retrieved December 25, 2015.
* ^ _A_ _B_ _C_ "
Kraft Foods to merge with Heinz". BBC News. 25
March 2015. Retrieved 9 October 2016.
* ^ "
Kraft Foods to merge with ketchup maker Heinz". Reuters. March
25, 2015. Retrieved March 25, 2015.
* ^ "3G Capital, Berkshire to Buy Kraft Foods, Merge It With
Heinz". Bloomberg. March 25, 2015. Retrieved March 25, 2015.
* ^ _A_ _B_ "H.J. Heinz,
Kraft Foods to merge". Institute of Food
Technologists . 25 March 2015. Retrieved 28 March 2015.
* ^ Nolan Feeney (25 March 2015). "Kraft and