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Hiatt remained in charge of Rand-Whitney until 1968, when his son-in-law, Robert Kraft, purchased half of the company in a leveraged buyout. [9] Hiatt was also president of Estey Investment Inc. and the Jacob Hiatt Income Trust and was an investor in the Educator Biscuit Co. [5] [10]
Previously owned by Jacob Hiatt, father of Kraft's wife Myra Kraft; Based in Worcester, Massachusetts, includes: Rand-Whitney Container, LLP; Rand-Whitney Containerboard, LLP; Rand-Whitney Waste, LLP; International Forest Products, LLC (founded by Kraft in 1972) Operated by Robert Kraft's son Daniel Kraft; More than 30 private equity investments
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Myra Hiatt Kraft (née Myra Nathalie Hiatt; December 27, 1942 – July 20, 2011 [2]) was an American philanthropist and the wife of New England Patriots and New England Revolution owner Robert Kraft. Early life and education
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Kraft began his professional career with the Rand-Whitney Group, a Worcester-based packaging company run by his father-in-law Jacob Hiatt. [7] In 1968, he gained control of the company through a leveraged buyout. [1] Kraft remains the chairman. In 1972, he founded International Forest Products, a trader of physical paper commodities.