Supriya Ghosh (Editor)

Kraft Group

Updated on
Edit
Like
Comment
Share on FacebookTweet on TwitterShare on LinkedInShare on Reddit
Website
  
The Kraft Group

Number of employees
  
5,000 (2007)

Type of business
  
Privately held company

Founder
  
Robert Kraft

Subsidiaries
  
Kraft Sports Group

Kraft Group httpsiforbesimgcommedialistscompaniesthe

Industry
  
Professional sports, Manufacturing, Real-estate development, Private equity investments

Products
  
Paper and packaging materials Real estate development Professional sports Manufacturing Financial services

Revenue
  
US $3.5 billion (estimated 2015)

Headquarters
  
Foxborough, Massachusetts, United States

Founded
  
1998, University of Massachusetts Boston, Boston, Massachusetts, United States

Key people
  
Robert Kraft, Jonathan Kraft

The Kraft Group, LLC, is a group of privately held companies in the professional sports, manufacturing, and real estate development industries doing business in 90 countries. Founded in 1998 by American businessman Robert Kraft as a holding company, it is based in Foxborough, Massachusetts and comprises the following companies:

  • Kraft Sports Group
  • New England Patriots, LP (founded in 1960, acquired by Kraft in 1994)
  • New England Revolution, LP (founded by Kraft in 1995)
  • Gillette Stadium, $325 million facility privately financed by Kraft (opened 2002)
  • Patriot Place, $350 million "lifestyle and entertainment center" around Gillette Stadium (opened 2007–2008)
  • TeamOps, LLC (founded in 2006)
  • TeamOps (Event Staff)
  • TeamOps Detect
  • Rand-Whitney Group, LLC (founded in 1857, acquired by Kraft in 1972)
  • Previously owned by Jacob Hiatt, father of Kraft's wife Myra Kraft
  • Based in Worcester, Massachusetts, includes:
  • Rand-Whitney Container, LLP
  • Rand-Whitney Containerboard, LLP
  • Rand-Whitney Waste, LLP
  • International Forest Products, LLC (founded by Kraft in 1972)
  • Operated by Robert Kraft's son Daniel Kraft
  • More than 30 private equity investments
  • Principal shareholdings
  • Carmel Container Systems, Ltd.
  • Based in Caesarea, Israel
  • American-Israeli Paper Mills, Ltd.
  • Based in Hadera, Israel
  • Ampal Enterprises, Ltd.
  • Based in Tel Aviv, Israel

    • Forbes rankings

    Forbes has ranked Kraft and the Kraft Group in various wealth listings starting in 2005:

  • Forbes 2005: The 400 Richest Americans: #320 Robert Kraft
  • Forbes 2006: The World's Billionaires: #698 Robert Kraft
  • Forbes 2006: The 400 Richest Americans: #297 Robert Kraft
  • Forbes 2006: The 500 Largest American Private Companies: #392 The Kraft Group
  • Forbes 2007: The World's Billionaires: #754 Robert Kraft
  • Forbes 2007: The 400 Richest Americans: #361 Robert Kraft
  • Forbes 2007: The 500 Largest American Private Companies: #319 The Kraft Group
  • Forbes 2008: The World's Billionaires: #843 Robert Kraft
  • Forbes 2008: The 400 Richest Americans: #321 Robert Kraft
  • Forbes 2008: The 500 Largest American Private Companies: #326 The Kraft Group
  • Forbes 2009: The World's Billionaires: #468 Robert Kraft
  • Forbes 2009: The 400 Richest Americans: #236 Robert Kraft
  • Forbes 2010: The World's Billionaires: #655 Robert Kraft
  • Forbes 2010: The 400 Richest Americans: #269 Robert Kraft
  • Forbes 2011: The World's Billionaires: #833 Robert Kraft

    • References

    Kraft Group Wikipedia
    (Text) CC BY-SA