Kraft Foods ramped up its bid for Cadbury Plc on Tuesday, securing the backing of the British confectioner’s board after a four-month stand-off between the two companies.
Following are facts about Kraft:
* Kraft is the world’s second-largest food group, after Nestle.
* The company’s origins date to 1903, when James L. Kraft began a business selling cheese from the back of a wagon in Chicago, Illinois. In 1914 the company started making its own cheese.
* Kraft was acquired by tobacco corporation Philip Morris in 1988 for $12.9 billion.
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