Food Products
Company Overview of H. J. Heinz Company
Company Overview
One PPG Place
Pittsburgh, PA 15222
United States
Founded in 1869
32,200 Employees
Key Executives for H. J. Heinz Company
H. J. Heinz Company Key Developments
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.
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
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Recent Private Companies Transactions
| Type Date |
Target |
|
Merger/Acquisition
February 14, 2013 |
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|
Buyback
November 20, 2012 |
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