Kraft Foods

Definition

Kraft Foods is a large American food manufacturing and processing conglomerate, formed by a series of mergers and acquisitions. It owns numerous brands across various food categories, including dairy, snacks, and beverages.

Related terms

Merger:

A merger is when two or more companies combine to form a new entity, expanding their capabilities and market share.

Acquisition:

An acquisition occurs when one company purchases another company to take control of its operations and assets.

Conglomerate: A conglomerate is a multi-industry company that owns or controls a variety of smaller companies across different industries