Kraft Archives - Grainews

Livestock, Markets, Poultry/Eggs, Reuters

‘Shocking’ farm videos barred at egg-price antitrust trial in Chicago

Food firms sought to show animal care claims not genuine

By GFM Network News September 20, 2023

Reuters — A U.S. judge has barred Kraft, Kellogg and other major food producers from showing what the court called “shocking” and “heart-wrenching” videos of conditions inside certain hen houses at an upcoming antitrust trial against egg producers and marketers. In a ruling on Tuesday, U.S. District Judge Steven Seeger in Chicago said the risk […] Read more

(Gonzalo Calle Asprilla/iStock/Getty Images)

Crops, Markets, Reuters, Spring Wheat

U.S. CFTC says Kraft, Mondelez to pay $16M in wheat price manipulation case

By Reuters, GFM Network News August 15, 2019

Reuters — The U.S. Commodity Futures Trading Commission (CFTC) said on Thursday Kraft Heinz and Mondelez International will have to pay US$16 million in penalty regarding a wheat manipulation case that dates back to 2015. Kraft Heinz, which was Kraft Foods until 2015, and snack food firm Mondelez bought $90 million of December 2011 wheat […] Read more

Dairy Cattle, Livestock

Parmalat’s play for Kraft cheeses clears regulators

By GFM Network News May 31, 2019

Dairy giant Parmalat’s proposed $1.62 billion deal for Kraft Heinz’s “natural” cheese business in Canada has cleared federal antitrust regulators. The federal Competition Bureau on Thursday said it issued a “no action letter” to the two companies and would put up a position statement detailing its reasons in the “coming days.” The deal is expected […] Read more

Crops, Reuters

Kraft walks away from ‘friendly’ bid for Unilever

By GFM Network News February 20, 2017

New York | Reuters –– U.S. food company Kraft Heinz withdrew its proposal for a US$143 billion merger with larger rival Unilever, the companies said Sunday, raising questions about whether Kraft will turn its focus to another target. Kraft had made a surprise offer for Unilever to build a global consumer goods behemoth — an […] Read more

Crops, Reuters

Austere empire-building weighs on Kraft’s Unilever bid

By GFM Network News February 18, 2017

Reuters — Buyout firm 3G Capital managed to build a consumer empire with a market value of over US$140 billion in just seven years. Yet its ruthless approach to costs may end up hampering 3G-backed Kraft Heinz’s US$143 billion bid for Unilever Plc. 3G made its name in corporate America by orchestrating large debt-laden acquisitions […] Read more

Mondelez’s brands in Canada include Oreo cookies, which marked their 100th anniversary with this giant replica unveiled in 2012 in Toronto. (CNW Group/Kraft Canada)

Cereals, Crops, Spring Wheat, Winter Wheat

Ardent to buy major Ontario soft wheat mill

By Grainews Staff, GFM Network News August 20, 2015

The owner of Canada’s Robin Hood flour mills is poised to buy the biggest soft wheat milling operation in the country. Ardent Mills, the joint North American flour venture of agrifood giants Cargill, CHS Inc. and ConAgra, announced Thursday it will buy the former Kraft Milling operation in Mississauga, Ont. from Mondelez Canada for an […] Read more

(Todd Rosenberg photo via KraftFoodsGroup.com)

Crops, Markets, Reuters

Kraft Heinz to cut 2,500 jobs in Canada, U.S.

By Reuters, GFM Network News August 12, 2015

Reuters — Kraft Heinz Co. said it will eliminate 2,500 jobs in the U.S. and Canada, including about 700 at its Chicago-area headquarters. Heinz, backed by Warren Buffett’s Berkshire Hathaway and Brazilian private equity firm 3G Capital — known as an aggressive cost-cutter — combined with Kraft in March in a $46 billion deal that […] Read more

Dairy Cattle, Fruit/Vegetables, General, Markets

Canadian, U.S. regulators clear Heinz and Kraft merger

By Grainews Staff, GFM Network News June 11, 2015

Antitrust regulators in both Canada and the U.S. have fixed their seals of official inaction on ketchup giant H.J. Heinz’s play for control of Kraft Foods Group. Canada’s Competition Bureau has confirmed that it wrapped its review of the proposed deal and issued its “no action” letter to the companies on Wednesday. A “no action” […] Read more

Nestle in late 2013 opened this Nespresso boutique bar in the Yorkville area of Toronto. (J.J. Thompson photo for CNW Group/Nespresso Canada)

Dairy Cattle, Livestock, Markets, Reuters

Nestle says taking action to keep top slot in food industry

By GFM Network News April 16, 2015

London | Reuters — Nestle told shareholders Thursday it is taking steps to maintain its position at the head of the global food industry, where consolidation will create two big new rivals. Nestle chairman Peter Brabeck-Lemathe told the company’s annual shareholder meeting the creation of Kraft Heinz Co. and Jacobs Douwe Egberts, as well as […] Read more

Cereals, Crops, Markets, Reuters

U.S. CFTC sues Kraft, Mondelez over alleged wheat price manipulation

By GFM Network News April 1, 2015

Reuters — The U.S. Commodity Futures Trading Commission on Wednesday charged Kraft Foods Group and Mondelez International with manipulation of prices of wheat used in products such as Oreo and Chips Ahoy cookies. The regulator alleged that Kraft and Mondelez bought $90 million of wheat futures, or a six-month supply, but never intended to take […] Read more

Alberta crop conditions improve: report

U.S. grains: Corn sets contract lows on expectations for big US crop

U.S. livestock: Cattle strength continues

GFM Network News