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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.[2] 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.[3][4] It is responsible for over 25 brands including Kraft, Heinz, Planters, Grey Poupon, Oscar Mayer and more, of which eight have total individual sales of over $1 billion.

The Kraft Heinz Company
Traded as
IndustryFood processing
FoundedJuly 2, 2015; 3 years ago (2015-07-02)
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)
Increase US$6.773 billion (2017)
Increase US$10.999 billion (2017)
Total assetsDecrease US$120.232 billion (2017)
Total equityIncrease US$66.034 billion (2017)
Number of employees
~39,000 (2017)
DivisionsKraft Foods
Footnotes / references

In 2018, Kraft Heinz launched Springboard Brands, a business focused on growing organic, natural, and "super-premium" food brands.[5][6] Kraft Heinz ranked No. 114 in the 2018 Fortune 500 list of the largest United States corporations by total revenue.[7]



The merger of Kraft Foods and H.J. Heinz was agreed by the boards of both companies, with approval by shareholders and regulatory authorities in early 2015.[2][8] The new Kraft Heinz Company became the world's fifth-largest food and beverage company[9] and the third-largest in the United States.[2] The company is co-headquartered in Chicago at the Aon Center and in Pittsburgh at PPG Place.[10] The companies completed the merger on July 2, 2015.[11]

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.[12]

The merger did not affect the naming rights to Heinz Field, home of the Pittsburgh Steelers.[13]

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.[14] Unilever declined the initial proposal.[15] The takeover was subsequently abandoned on 19 February soon after UK Prime Minister Theresa May had ordered a scrutiny of the deal.[14]


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.[16]

In February 2019, shares in Kraft Heinz fell to a record low of under $35, after the company reported a $10.2bn loss for the previous year.[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
2018 26,300 −10,200

On February 21, 2019, Kraft Heinz reported that they received a Securities and Exchange Commission (SEC) subponea in October that aimed to look into the company's accounting policies and internal controls.[18] Kraft Heinz also announced that they slashed their dividend from 62.5 cents a share to 40 cents.[18] The company also announced a goodwill impairment charge that wrote down the value of the company's Kraft and Oscar Mayer brands of $15.4 billion in the fourth quarter, which resulted in a net loss of $12.61 billion.[19] The all-resulting news made the company's stock crash more than 20% in after-hours trading.[19] The stock plunge resulted in Berkshire Hathaway, the largest stockowner, a write down of $3 billion and a stock value loss of $4.3 billion just a day before Berkshire Hathaway's quarterly earnings and annual report to investors.[20][21]

See alsoEdit


  1. ^ "The Kraft Heinz Company 2017 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 2018.
  2. ^ a b c "Kraft Foods to merge with Heinz". BBC News. 25 March 2015. Retrieved 9 October 2016.
  3. ^ "The Kraft Heinz Company". Retrieved 15 September 2018.
  4. ^ Feeney, Nolan. "Kraft-Heinz Merge to Become World's 5th Largest Food Company". Time. Retrieved 27 October 2018.
  5. ^ "Kraft Heinz is going after small organic food brands just as Whole Foods abandons them". Business Insider. Retrieved 18 September 2018.
  6. ^ "Springboard - Shaping the Future of the Food and Beverage Industry". Springboard. Retrieved 18 September 2018.
  7. ^ "Fortune 500 Companies 2018: Who Made the List". Fortune. Retrieved 10 November 2018.
  8. ^ "H.J. Heinz, Kraft Foods to merge". Institute of Food Technologists. 25 March 2015. Retrieved 28 March 2015.
  9. ^ Nolan Feeney (25 March 2015). "Kraft and Heinz Merge to Become World's 5th-Largest Food Company". TIME magazine. Retrieved 9 October 2016.
  10. ^ "Kraft-Heinz Company FactSheet" (PDF). Retrieved 17 February 2017.
  11. ^ "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.
  12. ^ Lorenzetti, Laura (25 March 2015). "Kraft, Heinz merge, and Facebook hosts a conference — 5 things to know today". Fortune. Retrieved 9 October 2016.
  13. ^ Lindeman, Teresa F. (25 March 2015). "Officials: Heinz Field name will not change with merger deal". Pittsburgh Post-Gazette. Retrieved 9 October 2016.
  14. ^ a b Armstrong, Ashley (19 February 2017). "Kraft Heinz abandons £115bn Unilever mega-deal". The Telegraph. Retrieved 19 February 2017.
  15. ^ Chaudhuri, Saabira; Gasparro, Annie; Steele, Anne (17 February 2017). "Kraft's $143 Billion Bid for Unilever Highlights Squeeze in Consumer Goods". Wall Street Journal. ISSN 0099-9660. Retrieved 17 February 2017.
  16. ^ "Kraft Heinz - 3 Year Stock Price History | KHC". MarcoTrends. Retrieved 27 October 2018.
  17. ^ "Kraft Heinz shares fall as appetites wane". BBC News. 22 February 2019. Retrieved 22 February 2019.
  18. ^ a b LaVito, Angelica; Wang, Christine (21 February 2019). "Kraft Heinz slashes dividend, discloses SEC subpoena". CNBC. Retrieved 23 February 2019.
  19. ^ a b Wattles, Jackie (21 February 2019). "Kraft Heinz posts huge loss, slashes dividend and reveals SEC investigation". CNN. Retrieved 23 February 2019.
  20. ^ Imbert, Fred (23 February 2019). "Berkshire Hathaway battered by Kraft-Heinz woes, posting a Q4 loss and a $3 billion writedown". CNBC. Retrieved 23 February 2019.
  21. ^ Franck, Thomas (22 February 2019). "Buffett's Berkshire Hathaway loses $4.3 billion on Kraft Heinz plunge". CNBC. Retrieved 23 February 2019.

Further readingEdit

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