LSE:0JRV - The Kraft Heinz Co Kraft Heinz Co.
Sector: Consumer Staples, Industry: Packaged Foods & Meats
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USD 36.725    +0.372 (+1.02%)

28 Mar 2024


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General

CEO: Mr. Carlos A. Abrams-Rivera

Headquarters: GB

Employees: 36,000

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Description

In July 2015, Kraft merged with Heinz to create the third-largest food and beverage manufacturer in North America behind PepsiCo and Nestle and the fifth-largest player in the world. Beyond its namesake brands, the combined firm's portfolio includes Oscar Mayer, Velveeta, and Philadelphia. While the retail channel drives around 85% of its total sales, the firm operates a growing presence in the foodservice arena. Outside North America, Kraft Heinz's global reach counts a distribution network in Europe and emerging markets that drives 20%-25% of its consolidated sales base, as its products are sold in more than 190 countries and territories.

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