Heinz to Merge with Kraft

Heinz is the buyer; will create 5th largest food & beverage company in the world, 3rd largest in North America.

Dave Fusaro, Editor in Chief

Two years after H.J. Heinz Co. was taken private and just weeks after Kraft Foods Group's "new" CEO cleaned out its executive suite, Heinz on March 25 announced it will buy Kraft in a cash and stock deal. 3G Capital and Berkshire Hathaway, who bought Heinz in 2013, apparently engineered the deal and will pay about $10 billion in cash to Kraft stockholders, while also giving them stock amounting to 49 percent of the new company. It will be called Kraft Heinz Co. and will maintain headquarters in both Pittsburgh and the Chicago area. The merger will create the fifth largest food & beverage company in the world, the companies said, and the third largest in North…

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