Kraft Foods Logo – Kraft Foods Inc. is a producer of food products listed on the NYSE. The company is a native of Northfield , Illinois , USA , a suburb of Chicago. Currently, Kraft operates in over 155 countries. In 2007, Kraft Foods, split from Altria Group , fork main tobacco company Philip Morris .
It is said that its founder James L. Kraft selling cheeses made by his family in a carriage initially. Over time everything would be in the United States and have a global presence. Several years later, in 2001, Kraft acquired the entire shares of Nabisco , a company dedicated to the manufacture of crackers and biscuits. Towards the end of 2009, Kraft made a public offer to acquire all the shares of the British confectionery company Cadbury . The Board of Cadbury overwhelmingly approved on January 19 Kraft’s offer, suggesting the shareholders sell their shares to Kraft. On February 2, 2010 is the deadline to complete the transaction.
Kraft began a major restructuring process in January 2004 , after a year of poor sales (largely caused by the feeling of impaired health of Americans). The company announced the closure of 19 facilities of the company worldwide and the reduction of 5500 jobs and the sale of 10% of its qualified products. It is estimated that the directors of Kraft reduce the workforce by 8000 jobs, 8% of its workforce. Kraft brands were sold to various companies after its merger with Nabisco , the company sold its sugar business and your business in pet food under the brand Milk-Bone to Del Monte Foods .