NORTHFIELD, Ill. - Kraft Foods said Wednesday it plans to spin off its North American grocery business and create two separate companies - one focused on the high-growth snack business and the other on its iconic grocery brands. The surprise move comes 18 months after Kraft acquired Cadbury, bolstering its global snack and candy product lines. "We have built two strong, but distinct, portfolios. Our strategic actions have put us in a position to create two great companies, each with the ...
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