Kraft Foods was founded in 1909 and became Kraft in 1976. It was mainly known as a maker of cheese, biscuits an chilled processed meat.
The Kraft name came into the picture in 1903, when James L. Kraft began a wholesale cheeses business. He sold cheese from a horse-drawn wagon and grew over next 100 years to a company that had over $37 billion in net revenues in 2007 and earned over $2.5 billion.
James L. Kraft born in the Niagara region community of Stevensville, Ontario in the 1870s. Kraft was one of 11 children in a Mennonite family who grew up in a dairy farm.
He moved to Chicago and decided to rent a wagon, he bought cheese every day from the city’s warehouses and resold it to local merchants who didn’t want to make a trip themselves.
Kraft Foods was added to Morris’s fold in 1988 for $12.9 billion. In 1989, Phillip Morris merged its two food divisions – General Foods and Kraft – to form Kraft General Foods.
In 1993, Philip Morris acquired ready-to-eat-cereals division of RJR Nabisco. Phillip reorganized its food companies under the name Kraft Foods, Inc.
As of April 2007 Kraft became fully independent company; that is, Kraft is not owned by a holding company or another corporation.
Today, Kraft Foods has its headquarters on Northbrook, Illinois, in the United States.
History of Kraft Food
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