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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 .
Nabisco International, Inc. and Nabisco Foods Group are now separate business units of R.J.R. Nabisco, Inc., of which the parent company is R.J.R. Nabisco Holdings Corp. 1993 - On January 4, Nabisco Foods Group sells its U.S. and Canadian ready-to-eat cereal business – primarily Shredded Wheat brand – to Kraft General Foods.
Mondelez International brands (formerly Kraft Foods Inc.) includes brand-name products that are developed, owned, licensed, or distributed by Mondelez International. The company's core businesses are snack foods and confectionery.
2000 Philip Morris Companies, Inc. acquires Nabisco and merges it with Kraft Foods, Inc. Cite this Article. Learn about the history of mega-brand Nabisco, known for its many signature snack foods including Oreos, Honey Maid Grahams, and Ritz crackers.
Only four years later, in 1985, tobacco company R.J. Reynolds, looking to diversify beyond cigarettes, bought Nabisco Brands for $4.9 billion. At the time, Nabisco Brands was making profits of over $300 million a year on revenues exceeding $6 billion.
In 1985 R. J. Reynolds Industries, Inc.. acquired Nabisco Brands in one of the largest takeovers in business history. The origins of Nabisco, however, date back to the formation of the National Biscuit Company at the end of the 19th century. In its early years, the company was usually called N.B.C.
We are one of the largest snack companies in the world with global net revenues of approximately $36 billion in 2023. We hold the #1 global position in biscuits (cookies and crackers) and #2 in chocolate, while we’re growing rapidly in baked snacks.
After being acquired by R.J. Reynolds in 1985 and becoming part of RJR Nabisco, Nabisco was sold in 2000 to Philip Morris Companies (renamed Altria Group, Inc.), which was the parent company of Kraft Foods. Nabisco’s brands were thereafter marketed by Kraft.
About four years later, Nabisco Brands merged with R.J. Reynolds and added GREY POUPON and A.1. brands to its portfolio. Philip Morris Companies, Inc. acquired Nabisco in December of 2000 and merged it with Kraft Foods, Inc.
Mondelez is a publicly traded company with The Vanguard Group, Inc. as the largest shareholder. Mondelez International is a multinational food and beverage conglomerate. It was originally founded as Nabisco in 1898 but underwent major restructuring in 2012 when it split from Kraft Foods into an independent company under its current name.