Kraft Foods Inc. (NYSE: KFT) is the 2nd largest food and beverage company headquartered in North America (behind PepsiCo) and the third largest in the world (after Nestlé SA and PepsiCo).

The Philip Morris Company (now known as Altria Group), acquired Kraft for $12.9 billion in 1988, eventually merging it with another food subsidiary, General Foods, which it had acquired in 1985. In 2000, Philip Morris acquired Nabisco and merged it with Kraft. Altria sold 280 million Kraft shares via an initial public offering in 2001, retaining an 88.1% stake. On January 31, 2007, after months of speculation, the company announced that its 88.1% stake would be spun off to Altria shareholders at the end of March 2007. Kraft is now an independent publicly held company.

Kraft is headquartered in Northfield, Illinois, USA, a Chicago suburb. Kraft Foods markets many popular brands in more than 155 countries.

Kraft Foods is named after James L. Kraft, who founded the original wholesale cheese business in 1903. (wikipedia.org)

View Kraft Food & Family Magazine, Holiday 2008

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On the Menu
26 Dip Into Fun
Make these temping spreads and dips the center of attention at your next get-together.

30 Share a Side Dish
These are easy updated versions of the special festive sides your family loves.

34 Sweet Swap
Get together with friends for a delectable night of sharing holiday desserts, swapping recipes and getting the dish.

42 Come on Over: More Time
Find out how one reader keeps her food budget in check after shifting out of a fst=track career.

Visit Kraft Food & Family Magazine, Holiday 2008 Website

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