Kraft Foods sells Romanian confectionary business
Kraft Foods Inc. has agreed to sell a Romanian confectionary business it acquired when it bought Cadbury to the international investment fund Oryxa Capital.
Kraft Foods said Thursday it plans to split into two publicly traded companies, with one focusing on its international snack brands, such as Trident gum and Cadbury chocolates, and the other on its North American grocery business, which includes Maxwell House coffee, Kraft Macaroni and Cheese and Oscar Mayer meats.