Becomes the 3rd largest food and beverage company in North America and the 5th largest in the world
The Kraft Heinz Company has successful completion of the merger between Kraft and Heinz. The transaction creates the third-largest food and beverage company in North America and the fifth-largest food and beverage company in the world with an unparalleled portfolio of iconic brands.
The complementary nature of the two brand portfolios presents substantial opportunity for synergies, which will result in increased investments in marketing and innovation. This historic transaction unites two powerful businesses and iconic brands, and provides a platform for leadership in the food industry in the U.S. and internationally.
The merged company will see Alex Behring as Chairman, John T. Cahill as Vice Chairman and Bernardo Hees as its Chief Executive Officer.
“I am honored and humbled to be the CEO of The Kraft Heinz Company. Kraft and Heinz are both world-class organizations with storied pasts and together, an even brighter future,” said Hees.
The company’s immediate focus is on integrating the two businesses and establishing a new organizational structure, while delivering its financial objectives for 2015.
The Kraft Heinz Company remains committed to its hometowns with co-headquarters in Pittsburgh and the Chicago area. The Heinz brand and business will remain headquartered in Pittsburgh and the Kraft brand and business will remain headquartered in the Chicago area.
The company owns eight US$1 billion+ brands, with a portfolio of iconic brands such as Kraft, Heinz, ABC, Capri Sun, Classico, Jell-O, Kool-Aid, Lunchables, Maxwell House, Ore-Ida, Oscar Mayer, Philadelphia, Planters, Plasmon, Quero, Weight Watchers Smart Ones and Velveeta.
Heinz was a winner at the 2014 World Branding Awards.