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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]
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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
Kraft was born in Worcester, Massachusetts in 1942, the daughter of Frances (Lavine) and Jacob Hiatt. Her father was a Lithuanian Jewish immigrant who had served as a circuit judge of the Court of Lithuania before immigrating in 1935. [3] [4] [5] His parents and three other members of his family were murdered during the Holocaust.
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In June 1963, Kraft married Myra Nathalie Hiatt, a 1964 graduate of Brandeis University and the daughter of the late Worcester, Massachusetts, businessman and philanthropist Jacob Hiatt. She died on July 20, 2011, of ovarian cancer, at the age of 68. [104] [105] The Krafts were members of Temple Emanuel in Newton, Massachusetts. [106]