Madison-based Kraft Foods may become independent
MADISON -- Kraft Foods, which owns Madison-based Oscar Mayer, may soon become an independent company.
Kraft was bought by Phillip Morris, later called the Altria Group, in the 1980s.
According to Dan Olszewski, director of the Weinart Center For Entrepreneurship at University of Wisconsin-Madison, many expected Altria to spin off Kraft at a recent board meeting, but so far nothing has happened. He says Kraft has been moving towards a split for some time.