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R. J. Reynolds Tobacco Company was founded in Winston-Salem, North Carolina, in 1875 and changed its name to R. J. Reynolds Industries, Inc. in 1970.It became RJR Nabisco on April 25, 1986, after the company's $4.9 billion purchase, and earlier 1.9 billion stock swap, of Nabisco Brands Inc. in 1985.
In 1981, Nabisco merged with Standard Brands to form "Nabisco Brands", which merged with R. J. Reynolds Tobacco Company in 1985 to form RJR Nabisco. Kraft General Foods acquired the Nabisco cold cereals from RJR Nabisco in 1993, and the cereal brands are now owned by Post Holdings. In 1999, Nabisco acquired Favorite Brands International.
North America 2000 Reacquired by Kraft as part of Nabisco purchase in 2000 Sold to Texas Pacific Group in 1995: Celestial Seasonings: Tea: North America 1984 1988 Sold to original owners Attempted sale to Lipton broke US anti-trust laws: Cheddarie Dairy (cheese spread) North America, United Kingdom, Ireland Discontinued Cheese Pot Dairy (cheese ...
A stock split is when a company decides to exchange its stock for more (and sometimes fewer) shares of its own stock, with the price per share adjusting so that there is no change in the overall ...
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In August 2011, Kraft Foods announced plans to split into two publicly traded companies, an international snack-food company and a North American grocery company. [22] [23] The snack-food company, called Mondelez International, would be the legal successor of the old Kraft Foods, while the grocery company would be a new company, Kraft Foods Group.
In 2007, Kraft Foods Inc. spun off from Altria (ex Philip Morris), [6] [7] taking Nabisco (and other brands including Terrabusi) with it. Five years later, Kraft Foods split its business into two food companies, Kraft Foods (a new company but keeping the 'Kraft' name, focused on the local market) and Mondelez International (worldwide market).