Kraft Foods and Heinz Complete Merger
Kraft Foods Group and HJ Heinz Company have completed their merger agreement to create The Kraft Heinz Company, the third-largest food and beverage company in North America, and the fifth-largest food and beverage company in the world. The merger was first announced on March 25, 2015.
“The Kraft Heinz Company will unite two powerful businesses, deliver incredible shareholder value, and provide a platform for growth both domestically and internationally,” says Alex Behring, future chairman of The Kraft Heinz Company and managing partner at 3G Capital.
“This truly is a historic moment for our two companies as we combine to become a global food and beverage leader with an unparalleled portfolio of great brands,” says John T Cahill, Kraft Foods Group chairman and chief executive and future vice chairman of The Kraft Heinz Company. “It has been a privilege to serve Kraft, and I look forward to continue serving The Kraft Heinz Company on its board of directors.”
