Mondelēz, formerly known as Kraft Foods Inc., is a U.S.-based food, beverage, and snack manufacturer with securities registered with the Commission. It is an American multinational confectionary, food and beverage company based in Illinois which employs about 110,000 people around the world. The company has an annual revenue of about $26 billion and operates in approximately 160 countries.
The company was founded by James Lewis Kraft in 1903 is headquartered in Chicago, IL. In 1909, James L. Kraft was joined by his four brother to form J.L Kraft and Bros. Company.
In 1930, Kraft Foods was acquired by National Dairy and in 1969, the firm changed its name from National Dairy to Kraftco Corporation. In February 2010, Kraft acquired Cadbury, a U.K.-based confectionary and snack beverage company that had securities registered with the Commission.
In October 2012, Kraft re-named itself Mondelēz International, Inc. The name “Mondelēz International” was adopted following the successful spin-off of Kraft Foods Inc.’s North American grocery operations in October 2012 in which both became two independent publicly listed companies. Mondelēz retained the global snacking business.
Mondelēz International
