Kraft Foods Inc.
Final logo, used from 2009 to 2012 | |
Kraft headquarters in Northfield, Illinois | |
| Company type | Public |
|---|---|
| NYSE: KFT | |
| Industry | Food |
| Founded | December 10, 1923 |
| Defunct | October 1, 2012 |
| Fate | Assets divided |
| Headquarters | Northfield, Illinois, U.S. |
Area served | Worldwide |
Key people | Irene Rosenfeld (chairman & CEO) |
| Products | Ultra-processed food |
Kraft Foods Inc. (/ˈkræft/) was a multinational confectionery, food and beverage conglomerate. It marketed many brands in more than 170 countries. Twelve of its brands annually earned more than $1 billion worldwide: Cadbury, Jacobs, Kraft, LU, Maxwell House, Milka, Nabisco, Oreo, Oscar Mayer, Philadelphia, Trident, and Tang. Forty of its brands were at least a century old.
The company was headquartered in Northfield, Illinois, near Chicago.
Kraft was listed on the New York Stock Exchange and became a component of the Dow Jones Industrial Average on September 22, 2008, replacing the American International Group. In August 2011, the company announced plans to split into a North American grocery products business and a faster-growing global snacks company. The snack company, Mondelez International Inc. is recognized as the old Kraft Foods Inc.'s legal successor, while the grocery company was named Kraft Foods, now a part of Kraft Heinz.