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The Kraft Heinz Company history
The Kraft Heinz Company company history timeline
He was appointed the chairman in July 2015, prior to which he was the board chairman of the Heinz board.
He is the CEO of the company since July 2, 2015.
In 2015 Heinz’s holding company merged with Kraft Foods to form Kraft Heinz.
On February 17, 2017, it was reported that Kraft Heinz Co. had made a $143 billion approach to take over the British-Dutch multinational Unilever, a significantly larger competitor with 126,000 more employees and £24bn larger revenue than Kraft Heinz.
On October 19, 2017, Kraft Heinz announced that it was acquiring Cerebos Pacific, including the Saxa salt, Gregg's and Bisto brands, from Suntory.
On March 9, 2018, New Zealand's Commerce Commission approved the purchase, on the condition that they sell the licenses for Gregg's brand of sauces and the F. Whitlock Worcestershire sauce brand due to competition concerns.
In May 2018, Kraft Heinz launched Springboard Brands, a business focused on growing organic, natural, and "super-premium" food brands.
The sale was completed on January 30, 2019.
Patricio took position of CEO in late June 2019 and Alex Behring remained chairman of the company.
The $200 million deal was completed in early 2019 and was expected to generate $50 million in new annual revenue.
In September 2020, Kraft Heinz reached a deal to sell part of its cheese business to French multinational dairy products corporation Lactalis for $3.2 billion.
On November 10, 2021, the United States Justice Department approved the acquisition on the condition that they divest the Athenos and Polly-O businesses.
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The Kraft Heinz Company competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Conagra Brands | 1919 | $12.1B | 16,500 | 419 |
| TreeHouse Foods | 2005 | $3.4B | 13,489 | 197 |
| Tyson Foods | 1935 | $53.3B | 139,000 | 576 |
| Hormel Foods | 1891 | $11.9B | 20,000 | 637 |
| General Mills | 1866 | $19.9B | 35,000 | 170 |
| Berry Global | 1967 | $12.3B | 48,000 | - |
| Campbell Soup | 1869 | $9.6B | 19,000 | 423 |
| Newell Brands | 1903 | $7.6B | 31,000 | 436 |
| ITW | 1912 | $15.9B | 45,000 | 1,630 |
| Whirlpool | 1911 | $16.6B | 78,000 | 179 |
The Kraft Heinz Company history FAQs
Zippia gives an in-depth look into the details of The Kraft Heinz Company, including salaries, political affiliations, employee data, and more, in order to inform job seekers about The Kraft Heinz Company. The employee data is based on information from people who have self-reported their past or current employments at The Kraft Heinz Company. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by The Kraft Heinz Company. The data presented on this page does not represent the view of The Kraft Heinz Company and its employees or that of Zippia.
The Kraft Heinz Company may also be known as or be related to The Kraft Heinz Co. and The Kraft Heinz Company.