Today news broke that Kraft Foods will buy British candy maker Cadbury for about $19.6 billion. Kraft Chief Executive Officer Irene Rosenfeld injected more cash into her bid and dropped the number of new shares in the offer to win over Cadbury Chairman Roger Carr and mollify billionaire investor Warren Buffett, the U.S. food company’s top shareholder. The deal would … Read More
Cheese Waste Turned Into Energy
Kraft Foods has debuted a new system at their Lowville, N.Y. cheese plant that turns waste into energy. The system will save the plant between 30 and 35 percent of their current natural gas purchases per year. The bio-methane system takes the waste product from the cheese plant and lets the bacterial breakdown of the waste create methane gas, which … Read More