|Founded||July 2, 2015|
|Headquarters||Pittsburgh, Pennsylvania, US|
Alex Behring (Chairman)|
John Cahill (Vice chairman)
Bernardo Hees (CEO)
|Products||Kraft Macaroni and Cheese|
Berkshire Hathaway (26.8%) |
3G Capital (24.2%)
(remaining 49.0% Publicly-owned)
The Kraft Heinz Company is an American worldwide food company formed by the merger of Kraft Foods and Heinz. The merger was backed by 3G Capital and Berkshire Hathaway, which invested US$10 billion in the deal, making Kraft Heinz worth about US$46 billion. In 2015 the Kraft Heinz Company had 13 different brands with $500 million or more each in annual sales.
The merger was agreed by the boards of both companies, with approval by shareholders 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 Pittsburgh, the headquarters of Heinz. 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 new company; Bernardo Hees, 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.
- List of food companies
- List of brand name food products
- List of dairy product companies in the United States
- "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 2015.
- "Kraft Heinz Company Proxy Statement, March 3, 2016". The Kraft Heinz Company. 3 March 2016. Retrieved 14 November 2016.
- "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.
- "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 Heinz Merge to Become World's 5th-Largest Food Company". TIME magazine. Retrieved 9 October 2016.
- Teresa F. Lindeman (25 March 2015). "Officials: Heinz Field name will not change with merger deal". Pittsburgh Post-Gazette. Retrieved 9 October 2016.
- Giammona, Craig. "Kraft Foods, Heinz to merge in deal backed by Warren Buffett, Tim Hortons owner". Financial Post. Postmedia Network. Retrieved 27 March 2015.
- "1. Meet the new Kraft Heinz Company.". Fortune. 25 March 2015. Retrieved 9 October 2016.
- Kim, Susanna (March 25, 2015). "How the New Kraft Heinz Co. Is About to Take Over Your Kitchen". ABC News. Retrieved 26 March 2015.