Tobacco.org

Kraft backs earlier Nabisco synergy targets 

Kraft Foods Inc. (NYSE:KFT), the largest North American food company, on Wednesday backed its earlier projections for cost savings from its integration of cookie and cracker maker Nabisco.

Kraft said its sees 2002 savings of roughly $300 million from the addition of Nabisco, which it purchased in late 2000. The company also backed prior annual savings forecasts of $600 million once the Nabisco integration has been completed.

Jump to full article »