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Kraft Heinz
The Kraft Heinz Company (KHC), commonly known as Kraft Heinz (), is an American multinational food company formed by the merger of Kraft Foods Group, Inc. and the H.J. Heinz Company co-headquartered in Chicago and Pittsburgh. Kraft Heinz is the third-largest food and beverage company in North America and the fifth-largest in the world with over $26.0 billion in annual sales as of 2021. Its sister company, Mondelez International, was split from Kraft Foods Inc. in 2012, alongside Kraft before its merger with Heinz. Mondelez holds the old Kraft Foods' snack brands while Kraft Heinz holds the grocery and food processing brands. In addition to Kraft and Heinz, over 20 other brands are part of the company's profile, including Boca Burger, Gevalia, Grey Poupon, Oscar Mayer, Philadelphia Cream Cheese, Primal Kitchen, and Wattie's, eight of which have total individual sales of over $1 billion. Kraft Heinz ranked 114th in the 2018 ''Fortune'' 500 list of the largest United Sta ...
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Aon Center (Chicago)
The Aon Center (200 East Randolph Street (Chicago), Randolph Street, formerly Amoco Building) is a modern supertall skyscraper located in the Northeast corner of the Chicago Loop, Chicago, Illinois, United States, designed by architect firms Edward Durell Stone and The Perkins and Will partnership, and completed in 1973 as the Standard Oil Building (nicknamed "Big Stan"). With 83 floors and a height of 1,136 feet (346 m), it is the List of tallest buildings in Chicago, fourth-tallest building in Chicago, surpassed in height by the Willis Tower, Trump International Hotel and Tower (Chicago), Trump International Hotel and Tower, and St. Regis Chicago, St.Regis Chicago. The building is managed by Jones Lang LaSalle, which is also headquartered in the building. Aon Center houses the headquarters of Aon (company), Aon, Blue Cross Blue Shield Association, and Kraft Heinz (BCBS and Kraft Heinz each have a second headquarters, located in Washington, D.C., Washington D.C. and ...
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Berkshire Hathaway
Berkshire Hathaway Inc. () is an American multinational conglomerate holding company headquartered in Omaha, Nebraska. Originally a textile manufacturer, the company transitioned into a conglomerate starting in 1965 under the management of chairman and CEO Warren Buffett and vice chairman Charlie Munger (from 1978 to 2023). Greg Abel now oversees most of the company's investments and has been named as Buffett's successor. Buffett personally owns 38.4% of the Class A voting shares of Berkshire Hathaway, representing a 15.1% overall economic interest in the company. The company is often compared to an investment fund; between 1965, when Buffett gained control of the company, and 2023, the company's shareholder returns amounted to a compound annual growth rate (CAGR) of 19.8% compared to a 10.2% CAGR for the S&P 500. However, in the 10 years ending in 2023, Berkshire Hathaway produced a CAGR of 11.8% for shareholders, compared to a 12.0% CAGR for the S&P 500. From 1965 to 20 ...
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Fortune 500
The ''Fortune'' 500 is an annual list compiled and published by ''Fortune (magazine), Fortune'' magazine that ranks 500 of the largest United States Joint-stock company#Closely held corporations and publicly traded corporations, corporations by total revenue for their respective fiscal years. The list includes publicly held company, publicly held companies, along with Privately held company, privately held companies for which revenues are publicly available. The concept of the ''Fortune'' 500 was created by Edgar P. Smith, a ''Fortune'' editor, and the first list was published in 1955. The ''Fortune'' 500 is more commonly used than its subset ''Fortune'' 100 or superset Fortune 1000, ''Fortune'' 1000. History The ''Fortune'' 500, created by Edgar P. Smith, was first published in January 1955. The original top ten companies were General Motors, ExxonMobil, Jersey Standard, U.S. Steel, General Electric, JBS USA, Esmark, Chrysler, Armour and Company, Armour, Gulf Oil, Mobil, and D ...
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Wattie's
Heinz Wattie's Limited (or simply Wattie's) is a New Zealand–based food producer of frozen and packaged fruit, vegetables, sauces, baby food, cooking sauces, dressings and pet foods in the New Zealand market. History Founded in Hawke's Bay in 1934 by Sir James Wattie and Harold Carr, the company initially operated under the name J. Wattie Canneries Limited (later J Wattie Foods Limited and its related companies). Its first product was jam, as Wattie was unhappy that an Auckland jam-making business intended to import jam pulp from Australia. In February 1962, the company's factory and plant in Hastings was largely destroyed in a fire. The fire destroyed the main steam line from the boiler room to the processing plant, however the four boilers themselves were not damaged and production was restored 50 hours afterwards. The insurance claim for damage was half a million pounds, the largest insurance loss in New Zealand to that date. In 1980, Wattie Industries and Goodman Fie ...
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Oscar Mayer
Oscar Mayer is an American meat and cold cut producer known for its hot dogs, bologna sausage, bologna, bacon, ham, and Lunchables products. The company is a subsidiary of the Kraft Heinz, Kraft Heinz Company and based in Chicago, Chicago, Illinois. History Early years German Americans, German immigrant Oscar F. Mayer (1859–1955), born in Neresheim, Kösingen, Germany, began working at a meat market in Detroit, Detroit, Michigan, and later in Chicago, Illinois. In 1883, Mayer and his brother Gottfried leased the Kolling Meat Market on the near-northside of Chicago. The Mayer brothers sold bratwurst, liverwurst, and weißwurst, which were popular in the predominantly German neighborhoods around their Chicago meat market. As the meat market's popularity grew, it expanded its storefront and participated in sponsoring local events including the 1893 Chicago World's Fair. By 1900, the company had 43 employees and Chicago-wide delivery service. In 1904, Oscar Mayer began branding it ...
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Grey Poupon
Grey Poupon () is a brand of Dijon mustard which originated in Dijon, France, in 1866. The U.S. rights to the brand were acquired by the Heublein Company in 1946, later passing on to Kraft Foods. Grey Poupon became popular in the United States in the late 1970s and 1980s as American tastes broadened from conventional American yellow mustards, aided in large part by a memorable advertising campaign emphasizing the product's association with luxury. Like other Dijon mustards, Grey Poupon contains a small amount of white wine. The American version is made with brown mustard seed grown in Canada. History In 1860 Maurice Grey (b. Urcy, France, 1816; d. 1897), a mustard-maker based in Dijon, was awarded a Royal Appointment in 1860 for developing a machine that dramatically increased the speed of manufacture. In 1866 he received financing for putting it into use by partnering with fellow Dijon moutardier, Auguste Poupon, birthing Grey-Poupon. In 1946, the Heublein Company boug ...
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Gevalia
Gevalia ( , , ) is a coffee brand originating from Gävle, Sweden. Founded in 1853, it has grown to become the largest Coffee roasting, coffee roastery in Scandinavia. The brand name "Gevalia" is derived from the Latin name for Gävle. A mainstream supermarket brand in Northern Europe, Gevalia is marketed in the United States as a premium brand, where it is styled gëvalia'''. Today, Gevalia is owned by different entities in different markets: Kraft Heinz in North America and JDE Peet's in the rest of the world. Gevalia history In Sweden and Europe Located in Gävle, Sweden (''Gevalia'' in Latin), Gevalia was introduced in 1853 in Sweden by the trading company Victor Theodor Engwall & Co KB. The first CEO was Victor Theodor Engwall. Ernst Victor Engwall succeeded his father as CEO of the company from 1882 to 1915. In 1915, Knut Emil Engwall was appointed CEO. Sven Engwall served as the fourth CEO of the family company. Jacob Engwall was the last CEO of the Engwall family o ...
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Boca Burger
Boca Burger is a veggie burger produced by Kraft Heinz in Chicago, Illinois. Like all of Boca Foods' products, Boca Burgers serve as a meat alternative. History The Boca Foods Company began in 1979 with the vegetarian "Sun Burger" product, as one of the first frozen, plant-based burger replacement products. Over the next decade, more burgers were introduced, as well as meatless versions of ground beef, chicken nuggets, various toppings on pizza, chili, lasagna, and sausages. Organic versions of some Boca products appeared in 2001. Kraft Foods, the United States' largest packaged foods company, announced in early 2000 that it had reached agreement to purchase Boca Burger, Inc., a privately held manufacturer and marketer of soy-based meat alternatives. The announcement was made when Kraft Foods was represented by Gordon James and Clifford A. Wolff. The products are sold in the United States through retail grocery and club stores, natural foods stores and food service channels n ...
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Kraft Foods Inc
Kraft Foods Inc. () was a Multinational corporation, multinational confectionery, food and beverage conglomerate (company), conglomerate. It marketed many brands in more than 170 countries. Twelve of its brands annually earned more than $1 billion worldwide: Cadbury, Jacobs (coffee), Jacobs, Kraft, Lefèvre-Utile Biscuit Co., LU, Maxwell House, Milka, Nabisco, Oreo, Oscar Mayer, Philadelphia cream cheese, Philadelphia, Trident (gum), Trident, and Tang (drink), Tang. Forty of its brands were at least a century old. The company was headquartered in Northfield, Illinois, near Chicago. Kraft was listed on the New York Stock Exchange and became a component of the Dow Jones Industrial Average on September 22, 2008, replacing the American International Group. In August 2011, the company announced plans to split into a North American grocery products business and a faster-growing global snacks company. The snack company, Mondelez International Inc. is recognized as the old Kraft Foods ...
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Mondelez International
Mondelēz International, Inc. ( ) is an American Multinational corporation, multinational confectionery, food industry, food, Holding company, holding, drink industry, beverage and snack food company based in Chicago. Mondelez has an annual revenue of about $26.5 billion and operates in approximately 160 countries. It ranked No. 108 in the 2021 Fortune 500 list of the largest United States corporations by total revenue. The company had its origins as Kraft Foods Inc., which was founded in Chicago in 1923. The present enterprise was established in 2012 when Kraft Foods was renamed Mondelez and retained its snack food business, while its North American grocery business was spun off to a new company called Kraft Foods, Kraft Foods Group, which 3 years later merged with Heinz to form Kraft Heinz. The name Mondelez is derived from the Latin word ("world") and ''delez'', a fanciful modification of the word "delicious." Mondelez manufactures chocolate, cookies, biscuit ...
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Foodservice
The foodservice (US English) or catering (British and Commonwealth English) industry includes the businesses, institutions, and companies which prepare meals outside the home. It includes restaurants, grocery stores, school and hospital cafeterias, catering operations, and many other formats. Suppliers to foodservice operators are foodservice distributors, who provide small wares (kitchen utensils) and foods. Some companies manufacture products in both consumer and food service versions. The consumer version usually comes in individual-sized packages with elaborate label design for retail sale. The foodservice version is packaged in a much larger industrial size and often lacks the colorful label designs of the consumer version. Statistics The food system, including food service and food retailing supplied $1.24 trillion worth of food in 2010 in the US, $594 billion of which was supplied by food service facilities, defined by the USDA as any place which prepares food for i ...
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