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Kraft Heinz is a food company formed on July 2, 2015, after the merger of Kraft Foods and Heinz. After the merger, Kraft Heinz became the third-largest food producer in the United States and fifth largest in the world. The merger agreement gave Kraft shareholders a 49% stake, and Heinz shareholders a 51% stake in the company on a fully diluted basis. Kraft Heinz is headquartered out of two cities; Chicago, Illinois, and Pittsburgh, Pennsylvania. The company sells products in North America, Central America, South America, Europe, Asia, and the Middle East.