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The Kraft Heinz Company is an American food company formed by the merger of Kraft Foods and Heinz based in Chicago, Illinois and Pittsburgh, Pennsylvania.[3] Kraft Heinz is the third-largest food and beverage company in North America and the fifth-largest in the world with $26.2 billion in annual sales as of 2017.[4][5] With over 25 brands including Kraft, Heinz, Planters, Grey Poupon, Oscar Mayer and more, eight have total individual sales of over $1 billion.

The Kraft Heinz Company
Public company
Traded as
IndustryFood processing
FoundedJuly 2, 2015; 3 years ago (2015-07-02)[1]
HeadquartersChicago, Illinois and Pittsburgh, Pennsylvania, US
Area served
Key people
Alex Behring (Chairman)
John Cahill (Vice chairman)
Bernardo Hees (CEO)
Convenience foods
Dairy foods
Snack foods
RevenueDecrease US$26.232 billion (2017)[2]
Increase US$6.773 billion (2017)[2]
Increase US$10.999 billion (2017)[2]
Total assetsDecrease US$120.232 billion (2017)[2]
Total equityIncrease US$66.034 billion (2017)[2]
Number of employees
~39,000 (2017)[2]
DivisionsKraft Foods

In 2018, Kraft Heinz launched Springboard Brands, a business focused on growing organic, natural, and "super-premium" food brands.[6][7] Kraft Heinz ranked No. 114 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.[8]



The merger was agreed by the boards of both companies, with approval by shareholders (at the shareholders meeting) and regulatory authorities.[3][9] The new company became the world's fifth-largest food and beverage company[10] and the third-largest in the United States.[3] The company is headquartered in Chicago at the Aon Center and Pittsburgh at PPG Place.[11] The companies completed the merger on July 2, 2015.[1]

Under the merger, Kraft's shareholders received 49% of shares in the combined company, plus a one-time dividend of US$16.50 per share.[12] Fortune reported that sluggish growth for Kraft in the US market is due to consumers turning to natural and organic ingredients.[13]

Alex Behring, 3G Capital's managing partner, is the chairman of the new company; Bernardo Hees, also a partner of 3G Capital and Heinz's chief executive officer (CEO), is the CEO of the new company; and John Cahill, Kraft's CEO, is the vice chairman of the new company.[13]

The merger did not affect the naming rights to Heinz Field, home of the Pittsburgh Steelers.[14]

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.[15] Unilever declined the initial proposal.[16] The takeover was subsequently abandoned on 19 February soon after UK Prime Minister Theresa May had ordered a scrutiny of the deal.[15]


For the fiscal year 2017, Kraft Heinz reported earnings of US$11.0 billion, with an annual revenue of US$26.2 billion, a decline of 0.6% over the previous fiscal cycle. Kraft Heinz's shares traded at over $61 per share, and its market capitalization was valued at over US$136 billion in September 2018.[17]

Year Revenue
in mil. USD-$
Net income
in mil. USD-$
Price per Share
in USD-$
2010 17,797 3,534
2011 18,576 1,775
2012 18,271 1,637
2013 11,529 1,013
2014 10,922 −63
2015 18,338 −266 77.01 42,000
2016 26,487 3,452 81.91 41,000
2017 26,232 10,999 61.75 39,000

See alsoEdit


  1. ^ a b "The Kraft Heinz Company Announces Successful Completion of the Merger between Kraft Foods Group and H.J. Heinz Holding Corporation" (PDF). The Kraft Heinz Company. 2 July 2015. Archived from the original (PDF) on 14 July 2015. Retrieved 23 January 2015.
  2. ^ a b c d e f "The Kraft Heinz Company 2017 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 2018.
  3. ^ a b c "Kraft Foods to merge with Heinz". BBC News. 25 March 2015. Retrieved 9 October 2016.
  4. ^ "The Kraft Heinz Company". Retrieved 15 September 2018.
  5. ^ Feeney, Nolan. "Kraft-Heinz Merge to Become World's 5th Largest Food Company". Time. Retrieved 27 October 2018.
  6. ^ "Kraft Heinz is going after small organic food brands just as Whole Foods abandons them". Business Insider. Retrieved 18 September 2018.
  7. ^ "Springboard - Shaping the Future of the Food and Beverage Industry". Springboard. Retrieved 18 September 2018.
  8. ^ "Fortune 500 Companies 2018: Who Made the List". Fortune. Retrieved 2018-11-10.
  9. ^ "H.J. Heinz, Kraft Foods to merge". Institute of Food Technologists. 25 March 2015. Retrieved 28 March 2015.
  10. ^ Nolan Feeney (25 March 2015). "Kraft and Heinz Merge to Become World's 5th-Largest Food Company". TIME magazine. Retrieved 9 October 2016.
  11. ^ KraftHeinzCompany_FactSheet.pdf:, accessdate: February 17, 2017
  12. ^ Giammona, Craig. "Kraft Foods, Heinz to merge in deal backed by Warren Buffett, Tim Hortons owner". Financial Post. Postmedia Network. Retrieved 27 March 2015.
  13. ^ a b "1. Meet the new Kraft Heinz Company". Fortune. 25 March 2015. Retrieved 9 October 2016.
  14. ^ Teresa F. Lindeman (25 March 2015). "Officials: Heinz Field name will not change with merger deal". Pittsburgh Post-Gazette. Retrieved 9 October 2016.
  15. ^ a b "Kraft Heinz abandons £115bn Unilever mega-deal". The Telegraph. Retrieved 2017-02-19.
  16. ^ Anne Steele Chaudhuri saabira (17 February 2017). "Kraft Makes $143 Billion Merger Bid for Unilever". The Wall Street Journal. Retrieved 17 February 2017.
  17. ^ "Kraft Heinz - 3 Year Stock Price History | KHC". Retrieved 2018-10-27.

Further readingEdit

External linksEdit