Golden Oak Online Auctions LLC

Auction 70

Lot 649

General Foods stock certificates, 20th Century, ranging from $1 to $1000 shares, approximately 35,000 certificates in total; perfect for someone who wants to parcel them out; these are estimated at a mere 10¢ each.
Estimate $1,000 - 1,500

General Foods Corporation was a company whose direct predecessor was established in the United States by Charles William Post as the Postum Cereal Company in 1895.The company changed its name to "General Foods" in 1929, after several corporate acquisitions, by Marjorie Merriweather Post after she inherited the established cereal business from her father C. W. Post. In November 1985, General Foods was acquired by Philip Morris Companies (now Altria Group, Inc.) for $5.6 billion, the largest non-oil acquisition to that time. In December 1988, Philip Morris acquired Kraft Foods Inc., and, in 1990, combined the two food companies as Kraft Foods. "General Foods" was dropped from the corporate name in 1995; a line of caffeinated hot beverage mixes continued to carry the General Foods International name until 2010.

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