June 18, 2013 3:21 AM ET

Food Products

Company Overview of H. J. Heinz Company

Company Overview

H. J. Heinz Company, together with its subsidiaries, manufactures and markets food products for consumers, and foodservice and institutional customers in North America, Europe, the Asia Pacific, and internationally. Its principal products include ketchup, condiments and sauces, frozen food, soups, beans and pasta meals, infant nutrition, and other food products. The company sells its products through its sales organizations, as well as through independent brokers, agents, and distributors to chain, wholesale, cooperative, and independent grocery accounts; convenience stores; bakeries; pharmacies; mass merchants; club stores; foodservice distributors; and institutions, including hotels, resta...

Detailed Description

One PPG Place

Pittsburgh, PA 15222

United States

Founded in 1869

32,200 Employees

Phone:

412-456-5700

Fax:

412-456-6128

www.heinz.com

Key Executives for H. J. Heinz Company

Chief Executive Officer
Age: 42
Chief Financial Officer
Executive Vice President
Age: 54
Executive Vice President
Age: 47
Regional Chief Executive Officer of New Zealand
Compensation as of Fiscal Year 2012.

H. J. Heinz Company Key Developments

H.J. Heinz Co. Cuts 45 Jobs at UK Site

H.J. Heinz Co. is cutting 45 jobs at a factory in the United Kingdom, part of a wider review of efficiency by the Pittsburgh ketchup maker. Heinz announced that the jobs will be lost because it is transferring the production of infant milk formula for the Chinese market to a plant in New Zealand. The move by Heinz comes less than a week after the company was acquired by investment firm 3G Capital and Warren Buffett's Berkshire Hathaway in a $28 billion deal.

HJ Heinz Appoints Paulo Basilio as Chief Financial Officer

An investment consortium, comprised of Berkshire Hathaway and 3G Capital, has completed the acquisition of HJ Heinz in a deal worth $28 billion. Under the terms of the agreement, Paulo Basilio, a partner at 3G Capital, has been appointed as chief financial officer of the company.

H. J. Heinz Company(NYSE:HNZ) dropped from S&P 100 Index

H. J. Heinz Company(NYSE:HNZ) dropped from S&P 100 Index

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 14, 2013
--
Buyback
November 20, 2012
--
 

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