The Kraft Heinz Company announced the successful completion of the merger between Kraft Foods Group, one of North America’s largest consumer packaged food and beverage companies, with annual revenues of more than $18 billion and H.J. Heinz Company, one of the world’s leading marketers and producers of healthy, convenient and affordable foods specializing in ketchup, sauces, meals, soups, snacks and infant nutrition.
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 transaction unites two major businesses and iconic brands, and provides a platform for leadership in the food industry both domestically and internationally.
The immediate focus of the company 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.