Vmbook Online ordering
Kraft Foods Inc
Kraft Foods Inc. was a well-known public company in the United States that operated in the food and beverage industry. The company was formed in 2012 following the spin-off of the North American grocery business of Kraft Foods Inc. into a separate company, which took on the Kraft name.
Kraft Foods Inc. was known for its portfolio of iconic brands, including Kraft, Oscar Mayer, Philadelphia, Planters, Velveeta, Lunchables, Maxwell House, and Jell-O, among others. The company's products were sold in more than 170 countries and territories worldwide.
Kraft Foods Inc. was a component of the S&P 500 index, which is a widely recognized benchmark of US stock market performance. Its stock was listed on the NASDAQ stock exchange under the ticker symbol "KRFT."
In 2015, Kraft Foods Inc. merged with H.J. Heinz Company to form The Kraft Heinz Company, creating one of the largest food and beverage companies in the world. The merger was structured as a tax-free reverse Morris trust transaction, with Heinz's parent company, 3G Capital, and investment firm Berkshire Hathaway owning a controlling stake in the combined company.
Following the merger, the KRFT ticker symbol was delisted from the NASDAQ stock exchange.