Scribd
Upload
47 views

Food Processing Pittsburgh Pennsylvania Henry J. Heinz

The H. J. Heinz Company was an American food processing company founded in 1869 by Henry J. Heinz in Pittsburgh, Pennsylvania. It manufactured thousands of food products in plants around the world, marketing in over 200 countries. In 2013, Heinz agreed to be purchased by Berkshire Hathaway and 3G Capital for $23 billion, and in 2015 merged with Kraft Foods to form the world's fifth largest food company, with Berkshire Hathaway becoming the majority owner.

Uploaded by

Zain4u
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
47 views

Food Processing Pittsburgh Pennsylvania Henry J. Heinz

The H. J. Heinz Company was an American food processing company founded in 1869 by Henry J. Heinz in Pittsburgh, Pennsylvania. It manufactured thousands of food products in plants around the world, marketing in over 200 countries. In 2013, Heinz agreed to be purchased by Berkshire Hathaway and 3G Capital for $23 billion, and in 2015 merged with Kraft Foods to form the world's fifth largest food company, with Berkshire Hathaway becoming the majority owner.

Uploaded by

Zain4u
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 1

The H. J.

Heinz Company, or Heinz, was an American food processing company with world
headquarters in Pittsburgh,Pennsylvania. It was founded by Henry J. Heinz in 1869. The H. J. Heinz
Company manufactures thousands of food products in plants on six continents, and markets these
products in more than 200 countries and territories. The company claims to have 150 number-one or
number two-brands worldwide.[6] Heinz ranked first in ketchup in the US with a market share in
excess of 50%;[7][8] Ore-Ida label held 46% of the frozen-potato sector in 2003.[9]
Since 1896, the company has used its "57 Varieties" slogan; it was inspired by a sign advertising 21
styles of shoes, and Henry Heinz chose the number 57 even though the company manufactured
more than 60 products at the time.
On February 14, 2013, Heinz agreed to be purchased by Berkshire Hathaway and 3G Capital for
$23 billion.[10] On March 25, 2015, Kraft announced its merger with Heinz, arranged by Berkshire
Hathaway and 3G Capital.[11][12] The resulting Kraft Heinz Company is the fifth largest food company
in the world.[13] Berkshire Hathaway became a majority owner of Heinz on June 18, 2015. After
exercising a warrant to acquire 46,195,652 shares of common stock for a total price of $461,956.52,
Berkshire increased its stake to 52.5%.[14] The companies completed the merger on July 2, 2015.[15]

You might also like