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.

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

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

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

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.

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

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

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

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.

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

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

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

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.

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

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

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

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

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.

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.

Kraft Heinz announced that they slashed their dividend from 62.