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Q3 2024 [Q&A]

The Kraft Heinz Company
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Q3 2024 [Q&A]

30 Oct, 2024
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Q3 2024 Prepared Remarks

30 Oct, 2024
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Ketchup, Cheese, and More

The Kraft Heinz Corporation, one of the world's largest food and beverage companies, is a product of a 2015 merger between Kraft Foods Group and H.J. Heinz Company. With a heritage dating back to the late 19th century, the company owns numerous iconic brands that have become household names across the globe. Headquartered in both Chicago and Pittsburgh the unified entity offers a vast portfolio of well-known brands that it sells across the world.

Massive Merger

Heinz, founded by Henry John Heinz in 1869, started out selling horseradish, but soon expanded, notably introducing its iconic ketchup. Kraft's beginnings can be traced back to the early 1900s when James L. Kraft started a cheese delivery service in Chicago. The two companies grew as the decades passed, and both Heinz and Kraft separately broadened their portfolios and established global presences. One entity of Kraft was spun off into a company that later became Mondelez in 2012.

In 2015, a significant event in the food industry took place: Heinz and Kraft merged to form The Kraft Heinz Company. This merger unified two substantial entities, making the combined company one of the world's leading food and beverage producers, combining their vast product offerings under one umbrella.

The Brands

Both parts that make up the modern version of The Kraft-Heinz Company owned their fair share of iconic and well-known brands. Kraft, known for its cheeses, also offers products like Kraft Macaroni & Cheese and Jell-O. Heinz is iconic for its ketchup but also produces a variety of sauces, beans, and soups. In addition to these flagship brands, the company's lineup includes Oscar Mayer meats, Philadelphia cream cheese, Planters nuts, Maxwell House coffee, and Capri Sun beverages. Furthermore, Velveeta, Miracle Whip, Lunchables, and Claussen pickles are also owned by Kraft Heinz.

Global Reach

The company's footprint spans the globe, with its presence felt in both established markets like North America and Europe and in emerging economies across Asia, Latin America, and Africa. Benefiting from a chain of manufacturing, distribution, and sales facilities, the company ensures efficient delivery and availability of its products in countless retail outlets, supermarkets, and eateries worldwide.