Kraft Heinz is one of the largest food and beverage companies in not only the United States, but the world. The food conglomerate owns more than a dozen popular brands and is valued at more than $500 million. The company was formed after the merger of Kraft Food Group and Heinz in 2015. The company is headquartered in Chicago and has employees in more than 40 countries.
Kraft Heinz oversees the production, marketing, and distribution of a wide range of products from jell-o to coffee, cheese, hot dogs, fruit, and more. Its goods are transported and enjoyed around the world. Its products are primarily sold through grocery chains and other parties.
Just a few of Kraft Heinz brands include Capri Sun, Jell-O, Kool-Aid, Lunchables, Maxwell House, OscarMayer, Philadelphia, Planters, Weight Watchers Smart ones, Velveeta, and others.
Both Heinz and Kraft are among some of the older food companies in the country, and both can trace their roots back more than 50 years. The two corporations both own a variety of food companies which are well-known.
Heinz was established in 1869 by Henry John Heinz. At the time, the company sold bottled horseradish sauce, but after some minor hiccups, soon the company expanded to offer a variety of condiments, pickles, and other canned and prepared foods including its famous ketchup. Heinz went public in 1946 and gained an international reputation in the 1960s. It was restructured in 1997 and merged with Kraft in 2015.
Although the name Kraft can be traced back to a cheese vendor in 1903, Kraft Foods, Inc was actually formed in 1989 with the merger of three food corporations: Kraft, General Foods, and Oscar Mayer. The merger was carried out by Philip Morris, which purchased all three companies and restructured them together for simplicity.
The Kraft and Heinz merger was completed by a joint effort on behalf of Berkshire Hathaway and 3G. The companies both partially own the conglomerate and jointly sit on the Board of Directors for the corporation.