NORTHFIELD, Ill., May 31, 2013 /PRNewswire/ -- On February 27, 2013, Kraft Foods filed a lawsuit against Land O'Frost in the federal district court in Wisconsin for patent infringement of Kraft's U.S. Patent No. 7,172,779 which covered a pre-sliced cold cuts package sold in grocery stores. (Logo: http://photos.prnewswire.com/prnh/20090420/KRAFTLOGO) The parties have reached a settlement, the terms of which will remain confidential. Kraft Foods has a long history of innovation. ABOUT KRAFT FOODS GROUP Kraft Foods Group, Inc. (NASDAQ: KRFT) is one of North America's largest consumer packaged food and beverage companies, with annual revenues of more than $18 billion. With the spirit of a startup and the soul of a powerhouse, Kraft has an unrivaled portfolio of products in the beverages, cheese, refrigerated meals and grocery categories. Its iconic brands include Kraft, Maxwell House, Oscar Mayer, Philadelphia, Planters, Velveeta, Capri Sun, JELL-O and Lunchables. Kraft's 23,000 employees in the U.S. and Canada have a passion for making the foods and beverages people love. Kraft is a member of the Standard & Poor's 500 and the NASDAQ-100 indices. For more information, visit www.kraftfoodsgroup.com and www.facebook.com/kraft. SOURCE Kraft Foods Group
To turn sustainability into profitability, companies need to make major transformations, not minor moves, says Freya Williams, author of 'Green Giants: How Smart Companies Turn Sustainability into Billion-Dollar Businesses.'