Kraft Foods Inc. (NYSE: KFT) is the largest food and beverage company headquartered in North America and the second largest in the world after Nestlé SA.The Philip Morris Company (now known as Altria Group), acquired Kraft for $12.9 billion in 1988, eventually merging it with another food subsidiary, General Foods, which it had acquired in 1985. In 2000, Philip Morris acquired Nabisco and merged it with Kraft. Altria sold 280 million Kraft shares via an initial public offering in 2001, retaining an 88.1% stake. On January 31, 2007, after months of speculation, the company announced that its 88.1% stake would be spun off to Altria shareholders at the end of March 2007. Kraft is now an independent publicly held company.Kraft is headquartered in Northfield, Illinois, USA, a Chicago suburb. Kraft Foods markets many popular brands in more than 155 countries.Kraft Foods is named after James L. Kraft, who founded the original wholesale cheese business in 1903.

New evidence on Web traffic would suggest companies such as Kraft and General Mills are attracting new unique users at twice the rate of the Internet as a whole.

The Kraft company is working on a new type of food that the consumers can customize after purchase. Currently, they are working on a colorless, odorless, and tasteless drink that you can purchase and then customize. You can control the colors, the flavors, and the nutrients it has.

Learn more about Kraft's role in creating foods that are designed to be addicting America's largest foodmaker and its biggest cigarette company for years have likened themselves to distant siblings, giants that just happened to be owned by the same parent company.

Unilever, Cargill, Nestlé, Kraft and others using Indonesian colonies for cheap palm oil.

Kraft Foods' foodservice division is testing South Beach Diet-branded vending machines that only sell items compliant with the well-known diet plan. A recent vending expo also showcased a machine that sells both cold and frozen items from U-Select-It and a machine that gives change in bills as well as coins.