Kraft CEO Says More Acquisitions Possible After Spinoff

Kraft Foods Inc.’s plan to spin off its North American grocery unit will provide the snack-foods business more flexibility to acquire or divest brands, Chief Executive Officer Irene Rosenfeld said in an interview.

The grocery entity, with about $16 billion in revenue, will include the U.S. beverages, cheese, convenient meals and grocery units and some other food items, Northfield, Illinois-based Kraft said today in a statement. A snacks company, built from the European and developing markets units and the North American snacks and candy businesses, will have $32 billion in sales.