Kraft Heinz - wikipedia Kraft Heinz The Kraft Heinz Company Type Public Traded as NASDAQ : KHC NASDAQ - 100 Component S&P 100 Component S&P 500 Component Industry Food processing Founded July 2, 2015 ; 2 years ago ( 2015 - 07 - 02 ) Headquarters Chicago, Illinois and Pittsburgh, Pennsylvania, US Area served Worldwide Key people Alex Behring ( Chairman ) John Cahill ( Vice chairman ) Bernardo Hees ( CEO ) Products Beverages Cheese Convenience foods Dairy foods Snack foods Revenue US $26.48 billion ( 2016 ) Operating income US $6.142 billion ( 2016 ) Net income US $3.632 billion ( 2016 ) Total assets US $120.48 billion ( 2016 ) Total equity US $57.35 billion ( 2016 ) Number of employees 41,000 ( 2017 ) Divisions Kraft Heinz Website www.kraftheinzcompany.com The Kraft Heinz Company is an American food company formed by the merger of Kraft Foods Group and Heinz in 2015. The merger was backed by 3G Capital and Berkshire Hathaway, which invested US $10 billion in the deal, making Kraft Heinz worth about US $46 billion. In 2015, the Kraft Heinz Company had 13 different brands with $500 million or more each in annual sales. Contents 1 Merger 2 See also 3 References 4 Further reading 5 External links Merger The merger was agreed by the boards of both companies, with approval by shareholders ( at the shareholders meeting ) and regulatory authorities. The new company became the world 's fifth - largest food and beverage company and the third - largest in the US. The company is headquartered in both Pittsburgh and Chicago. The companies completed the merger on July 2, 2015. Under the merger, Kraft 's shareholders received 49 % of shares in the combined company, plus a one - time dividend of US $16.50 per share. Fortune reports that sluggish growth for Kraft in the US market is due to consumers turning to natural and organic ingredients. Alex Behring, 3G Capital 's managing partner, is the chairman of the new company ; Bernardo Hees, also a partner of 3G Capital and Heinz 's chief executive officer ( CEO ), is the CEO of the new company ; and John Cahill, Kraft 's CEO, is the vice chairman of the new company. The merger did not affect the naming rights to Heinz Field, home of the Pittsburgh Steelers. On February 17, 2017, it was reported that Kraft Heinz Co. had made a $143 billion approach to take over the British - Dutch multinational Unilever, a significantly larger competitor with 126,000 more employees and £ 24bn larger revenue than Kraft Heinz. Unilever declined the initial proposal. The take over was subsequently abandoned on 19 February soon after UK Prime Minister Theresa May had ordered a scrutiny of the deal. See also Companies portal Food portal List of food companies List of brand name food products List of dairy product companies in the United States References ^ Jump up to : `` The Kraft Heinz Company Announces Successful Completion of the Merger between Kraft Foods Group and H.J. Heinz Holding Corporation '' ( PDF ). The Kraft Heinz Company. 2 July 2015. Archived from the original ( PDF ) on 14 July 2015. Retrieved 23 January 2015. ^ Jump up to : `` Financial Results - Kraft Heinz Co ''. Google Finance. Retrieved December 25, 2015. Jump up ^ < http://ir.kraftheinzcompany.com/secfiling.cfm?filingID=1637459-17-7&CIK=1637459 > ^ Jump up to : `` Kraft Foods to merge with Heinz ''. BBC News. 25 March 2015. Retrieved 9 October 2016. Jump up ^ `` Kraft Foods to merge with ketchup maker Heinz ''. Reuters. March 25, 2015. Retrieved March 25, 2015. Jump up ^ `` 3G Capital, Berkshire to Buy Kraft Foods, Merge It With Heinz ''. Bloomberg. March 25, 2015. Retrieved March 25, 2015. ^ Jump up to : `` H.J. Heinz, Kraft Foods to merge ''. Institute of Food Technologists. 25 March 2015. Retrieved 28 March 2015. Jump up ^ Nolan Feeney ( 25 March 2015 ). `` Kraft and Heinz Merge to Become World 's 5th - Largest Food Company ''. TIME magazine. Retrieved 9 October 2016. Jump up ^ KraftHeinzCompany_FactSheet. pdf : www.kraftheinzcompany.com/KraftHeinzCompany_FactSheet.pdf, accessdate : February 17, 2017 Jump up ^ Giammona, Craig. `` Kraft Foods, Heinz to merge in deal backed by Warren Buffett, Tim Hortons owner ''. Financial Post. Postmedia Network. Retrieved 27 March 2015. ^ Jump up to : `` 1. Meet the new Kraft Heinz Company. ''. Fortune. 25 March 2015. Retrieved 9 October 2016. Jump up ^ Teresa F. Lindeman ( 25 March 2015 ). `` Officials : Heinz Field name will not change with merger deal ''. Pittsburgh Post-Gazette. Retrieved 9 October 2016. ^ Jump up to : `` Kraft Heinz abandons £ 115bn Unilever mega-deal ''. The Telegraph. Retrieved 2017 - 02 - 19. Jump up ^ Anne Steele Chaudhuri saabira ( 17 February 2017 ). `` Kraft Makes $143 Billion Merger Bid for Unilever ''. The Wall Street Journal. Retrieved 17 February 2017. Further reading Kim, Susanna ( March 25, 2015 ). `` How the New Kraft Heinz Co. Is About to Take Over Your Kitchen ''. ABC News. Retrieved 26 March 2015. External links Official website Business data for Kraft Heinz : Google Finance Yahoo ! Finance Reuters SEC filings Kraft Heinz Kraft Foods Heinz Ownership 3G Capital Berkshire Hathaway Kraft Foods Brands Kraft Kraft BBQ Sauce Kraft Caramels Kraft Macaroni and Cheese Kraft Easymac Kraft Mayo Kraft Bagelfuls Kraft Singles Kraft Sandwich Spread Miracle Whip A1 Steak Sauce Air Crisps Ali Coffee Back to Nature Bagel - Fuls Better Cheddars Boca Burger Bonox Breakstone 's Bulls - Eye Barbecue Sauce Café HAG Calumet Cameo Capri Sun Cheesybite Claussen Clight Cool Whip CornNuts Country Time Cracker Barrel Cheese Crystal Light Dairylea Easy Cheese General Foods Grey Poupon Handi - Snacks Harvest Crisps Jacob 's Jell - O Jet - Puffed Marshmallows Knox Knudsen Kool - Aid Kraker Bran Lunchables Maxwell House MiO Nabob Orchard Crisps Oscar Mayer Grated Pigrolac Planters Polly - O P'tit Québec Pure Kraft Salad Dressings Ritz Metro Royal baking powder Seven Seas Sanka Shake ' n Bake Simmenthal Snackabouts South Beach Living Stove Top Swiss Crackers Sugar Wafers Taco Bell Tassimo Velveeta H.J. Heinz Brands Heinz Beans Ketchup Salad cream Sandwich Spread Tomate frito Farley 's Golden Circle Greenseas HP Foods Daddies HP Sauce Lea & Perrins Ore - Ida Bagel Bites Tater Tots T.G.I. Friday 's Wattie 's Weight Watchers from Heinz Wyler 's Mrs. Grass Facilities North America Lofts Asia Northgate Europe Wigan Related Heinz 57 Good things come to those who wait Mondelez International ( Nabisco, Cadbury ) Kraft Foods Inc General Foods Berkshire Hathaway Board of directors Warren Buffett ( Chairman and CEO ) Charlie Munger Howard Graham Buffett Susan Decker Bill Gates David Gottesman Charlotte Guyman Donald Keough Thomas Murphy Ronald Olson Walter Scott Jr. Insurance Applied Underwriters Berkshire Hathaway Assurance Berkshire Hathaway Homestate Companies Kansas Bankers Surety Company Berkshire Hathaway Specialty Insurance BoatUS Central States Indemnity Gateway Underwriters Agency GEICO GEICO Marine Insurance Company Gen Re Medical Protective National Indemnity Company GUARD Insurance United States Liability Insurance Group Materials and construction Acme Brick Benjamin Moore & Co. 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Heinz Company Dairy products companies of the United States Food and drink companies of the United States Manufacturing companies established in 2015 Food and drink companies established in 2015 American companies established in 2015 Northfield, Illinois Multinational food companies Multinational dairy companies Brand name condiments 2015 establishments in Illinois Condiment companies Companies formed by merger Hidden categories : EngvarB from September 2015 Use dmy dates from September 2015 Pages using deprecated image syntax Talk Contents About Wikipedia Deutsch Español Esperanto Français 한국어 Bahasa Indonesia Italiano 日本 語 Norsk Português Русский Suomi Türkçe Tiếng Việt 中文 Edit links This page was last edited on 1 September 2017, at 22 : 41. Text is available under the Creative Commons Attribution - ShareAlike License ; additional terms may apply. By using this site, you agree to the Terms of Use and Privacy Policy. 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Question: when did the kraft heinz merger take place
Answer: 2015