Merger creates Kraft Heinz Company

July 7, 2015

PITTSBURGH — The organization is the fifth-largest of its kind in the world.

PITTSBURGH — Kraft and Heinz have completed a merger to form The Kraft Heinz Company, according to a press release.

The organization is now "the third-largest food and beverage company in North America, and the fifth-largest food and beverage company in the world," stated the release. The Kraft and Heinz brands are expected to create new synergies and marketing opportunities.

Bernardso Hees will serve as CEO of The Kraft Heinz Company, noted the release.

The transaction was completed on July 2, reported the release. The company began trading on the NASDAQ under the trading symbol KHC on July 6.

The organization will focus on creating a new structure, shared the release. Heinz’s headquarters will stay in Pittsburgh, while Kraft will remain in Chicago.

Click here to read the entire release.

Sponsored Recommendations

NFPA 70B a Step-by-Step Guide to Compliance

NFPA 70B: A Step-by-Step Guide to Compliance

How digital twins drive more environmentally conscious medium- and low-voltage equipment design

Medium- and low voltage equipment specifiers can adopt digital twin technology to adopt a circular economy approach for sustainable, low-carbon equipment design.

MV equipment sustainability depends on environmentally conscious design values

Medium- and low voltage equipment manufacturers can prepare for environmental regulations now by using innovative MV switchgear design that eliminates SF6 use.

Social Distancing from your electrical equipment?

Using digital tools and apps for nearby monitoring and control increases safety and reduces arc flash hazards since electrical equipment can be operated from a safer distance....