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…Full Story
This month's new product introductions offer a taste of what's to come for summer 2015. From cold new treats to spicy new eats, consumers will be springing into action.