21 Facts About Kraft Heinz


Kraft Heinz Company, commonly known as Kraft Heinz, is an American multinational food company formed by the merger of Kraft Foods and Heinz co-headquartered in Chicago and Pittsburgh.

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Kraft Heinz is the third-largest food and beverage company in North America and the fifth-largest in the world with over $26.

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Kraft Heinz ranked 114th in the 2018 Fortune 500 list of the largest United States corporations based on 2017 total revenue.

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The new Kraft Heinz Company became the world's fifth-largest food and beverage company and the third-largest in the United States.

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The Kraft Heinz co-headquarters are in Chicago at the Aon Center and in Pittsburgh at PPG Place, with other offices across the United States, Canada, South America, Europe, Asia, and Australia.

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On October 19, 2017, Kraft Heinz announced that it was acquiring Cerebos Pacific, including the Saxa salt, Gregg's, and Bisto brands, from Suntory.

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In May 2018, Kraft Heinz launched Springboard Brands, a business focused on growing organic, natural, and "super-premium" food brands.

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Later that year, it was announced Kraft Heinz would acquire the Primal Kitchen brand as part of the company's Springboard Incubator.

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In July 2018, Kraft Heinz announced it was committing to make all of its global packaging recyclable, reusable or compostable by 2025.

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On October 24, 2018, Kraft Heinz announced that it was selling its Indian nutritional beverage assets, including Complan and energy drink Glucon-D to Zydus Wellness.

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In June 2019, Kraft Heinz reached a milestone in achieving a 100 percent Corporate Equality Index score from the Human Rights Campaign.

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In September 2020, Kraft Heinz reached a deal to sell part of its cheese business to French multinational dairy products corporation Lactalis for $3.

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Kraft Heinz then partnered with Lactalis to manufacture Kraft and Velveeta cheeses.

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On September 15, 2020, Kraft Heinz announced its new Strategic Transformation Plan including a new company purpose, "Let's Make Life Delicious" and an all new vision, "To sustainably grow by delighting more consumers globally.

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On February 11, 2021, Kraft Heinz announced its Q4 2020 and full year results resulting in 6.

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In September 2021, Kraft Heinz announced that Hemmer, a Brazilian company focused on condiments and sauces, was being acquired for an undisclosed amount.

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Kraft Heinz's shares traded at over $61 per share, and its market capitalization was valued at over 136 billion in September 2018.

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In February 2019, shares in Kraft Heinz fell to a record low of under $35, after the company reported a $10.

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In September 2021, Kraft Heinz was fined $62m to settle the U S Securities and Exchange Commission probe into its improper claim of $200m in cost savings.

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On February 21, 2019, Kraft Heinz reported that they received a Securities and Exchange Commission subponea in October that aimed to look into the company's accounting policies and internal controls.

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Kraft Heinz announced that they slashed their dividend from 62.

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