H.J. Heinz Company to be Acquired by Berkshire Hathaway and 3G Capital
Feb. 14, 2013
2011 Food Processing Processor of the Year, H.J. Heinz Co. announced on February 14 it has entered into a merger agreement to be acquired Berkshire Hathaway and 3G Capital.
According to a statement, Heinz shareholders will receive $72.50 in cash for each share of common stock they own, in a transaction valued at $28 billion, including the assumption of Heinz's outstanding debt.
"The Heinz brand is one of the most respected brands in the global food industry and this historic transaction provides tremendous value to Heinz shareholders," said Heinz Chairman, President and CEO William R. Johnson. Heinz was named Food Processing's 2011 Processor of the Year.
Navigating the logistics industry is challenging. Find out how a dedicated transportation solution can solve some of the most common shipping challenges.
A leading bottled water company needed a carrier to transport water from 29 plants to retailers. The challenge? Handling over 46,000 pounds. Read the study.
Learn how a large bakery company complimented their private fleet with Schneider Dedicated freight services to increase freight capacity, amplify visibility & reduce costs.
