Business & Finance: More Mergers: Jan. 23, 1928

Cheese. Kraft Cheese Co. and Phenix Cheese Corp. solved the difficult matter of preparing cheese so that they could be sold in convenient packages, and together acquired joint rights to important patents. Others who infringed those patents were sued and defeated. That left Kraft's President James Lewis Kraft and Phenix's President Jason F. Whitney free to discuss the mergers of their companies. Last week President Kraft announced that Kraft Cheese had bought the assets of Phenix Cheese, that it was forming a new company (Kraft-Phenix Cheese Co.) worth roundly $20,000,000, that...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!