We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Private Investors Merge Kraft Foods With Heinz In Mega-Deal

March 25, 2015: 12:00 AM EST
Private investors 3G Capital of Brazil and Warren Buffett’s Berkshire Hathaway have worked out a deal to buy Kraft Foods Group and merge it with H. J. Heinz, which 3G and Buffett bought two years ago. The new company, Kraft Heinz, will have revenues of approximately $28 billion and a market value of $80 billion. The combined product lines will include eight brands worth $1 billion or more and five brands worth between $500 million and $1 billion. The deal comes at a time when U.S. consumers are backing away from processed foods and turning to local, fresh and organic products.
"H.J. Heinz Company and Kraft Foods Group Sign Definitive Merger Agreement to Form The Kraft Heinz Company", H.J. Heinz Company and Kraft Foods Group, Inc., March 25, 2015, © H.J. Heinz Company and Kraft Foods Group, Inc.
Domains
FOOD COMPANIES
Heinz
Kraft Foods
Geographies
Worldwide
North America
Latin America
United States of America
Brazil
Categories
Companies, Organizations
Deals, M&A, JVs, Licensing
Market News
Press Release
Developed by Yuri Ingultsov Software Lab.