+Frank B. Subscriber² Posted March 25, 2015 Subscriber² Share Posted March 25, 2015 Kraft Foods to merge with ketchup maker Heinz (Reuters) - Kraft Foods Group Inc (KRFT.O) said it would merge with ketchup maker H.J. Heinz Co, owned by 3G Capital and Warren Buffett's Berkshire Hathaway Inc (BRKa.N), to form the third-largest food and beverage company in North America. Kraft shareholders will own a 49 percent stake in the combined company and Heinz shareholders 51 percent. Kraft shareholders will receive stock in the combined company and a special cash dividend of $16.50 per share, which will be funded by Berkshire and 3G Capital. Source: Reuters Link to comment Share on other sites More sharing options...
FloatingFatMan Posted March 25, 2015 Share Posted March 25, 2015 Seems a bit odd to refer to Heinz as a "ketchup maker", when ketchup is just one of many products they make... Alera, Aergan and MikeChipshop 3 Share Link to comment Share on other sites More sharing options...
Dick Montage Posted March 25, 2015 Share Posted March 25, 2015 I genuinely believed Kraft and Heinz merged years ago... Link to comment Share on other sites More sharing options...
The Evil Overlord Posted March 25, 2015 Share Posted March 25, 2015 Lol Dairylea, now in 57 varieties Aergan 1 Share Link to comment Share on other sites More sharing options...
theyarecomingforyou Posted March 25, 2015 Share Posted March 25, 2015 Great, another mega-corporation that will reduce competition and be harder to regulate. Raa 1 Share Link to comment Share on other sites More sharing options...
neufuse Veteran Posted March 25, 2015 Veteran Share Posted March 25, 2015 Seems a bit odd to refer to Heinz as a "ketchup maker", when ketchup is just one of many products they make... not really, ketchup is one of their most recognizable products, that's why they use that association Interesting thing for my area though... Heinz is HQ in Pittsburgh, Pa... hopefully they don't decide to move it now... they kept it there after Buffet bought them out.. Link to comment Share on other sites More sharing options...
FloatingFatMan Posted March 25, 2015 Share Posted March 25, 2015 not really, ketchup is one of their most recognizable products, that's why they use that association Interesting thing for my area though... Heinz is HQ in Pittsburgh, Pa... hopefully they don't decide to move it now... they kept it there after Buffet bought them out.. Personally, I'd have said Baked Beans were their most recognizable product, but maybe that's just the UK... Plarkster, PsYcHoKiLLa, Alera and 2 others 5 Share Link to comment Share on other sites More sharing options...
FunkyMike Posted March 25, 2015 Share Posted March 25, 2015 Great, another mega-corporation that will reduce competition and be harder to regulate. Merger will create the 3rd largest food and beverage company in North America and the 5th largest food and beverage company in the world. Combined company to be named The Kraft Heinz Company and to be co-headquartered in Pittsburgh and the Chicago area. The new company will have revenues of approximately $28 billion with eight $1+ billion brands and five brands between $500 million-$1 billion. Stock and cash transaction, with Kraft shareholders to receive a special cash dividend of $16.50 per share upon closing and stock in the combined company representing a 49% stake in the new company. Berkshire Hathaway and 3G Capital will invest an additional $10 billion in The Kraft Heinz Company; existing Heinz shareholders will collectively own 51% of the new company. Significant synergy opportunities with strong platform for organic growth in North America, as well as global expansion, by combining Kraft's brands with Heinz's international platform. "significant synergy opportunities." Translation: thousands of layoffs imminent. http://www.zerohedge.com/news/2015-03-25/thousands-layoffs-coming-after-buffett-merges-heinz-kraft-creating-5th-largest-food- Link to comment Share on other sites More sharing options...
neufuse Veteran Posted March 25, 2015 Veteran Share Posted March 25, 2015 Personally, I'd have said Baked Beans were their most recognizable product, but maybe that's just the UK... Really? I would never of associated that with them *LOL* Heinz has ketchup packets in most major fast food chains, and pushes ketchup all over the place... Link to comment Share on other sites More sharing options...
FloatingFatMan Posted March 25, 2015 Share Posted March 25, 2015 Really? I would never of associated that with them *LOL* Heinz has ketchup packets in most major fast food chains, and pushes ketchup all over the place... Oh sure, ketchup is big, but of all their slogans over the years, the one that has always stuck in my head is their jingle "Beans means Heinz". tuckeratlarge and Aergan 2 Share Link to comment Share on other sites More sharing options...
Dick Montage Posted March 25, 2015 Share Posted March 25, 2015 Heinz is HQ in Pittsburgh, Pa I thought they were British? Doh! And most recognised? I dunno, ketchup, beans and soup. Link to comment Share on other sites More sharing options...
philcruicks Posted March 25, 2015 Share Posted March 25, 2015 Well there goes all my hopes for ketchup and beans, they'll destroy them like the did the Cadbury and the cream egg. Sad time. Link to comment Share on other sites More sharing options...
neufuse Veteran Posted March 25, 2015 Veteran Share Posted March 25, 2015 Oh sure, ketchup is big, but of all their slogans over the years, the one that has always stuck in my head is their jingle "Beans means Heinz". That must be a UK thing because I've never once heard that slogan in the USA. Heinz Oven-Baked Beans - Pork and Tomato Sauce Heinz Oven-Baked Beans - Pork no Tomato Sauce Heinz Oven-Baked Beans - Tomato Sauce no Pork Heinz Oven-Baked Red Kidney Beans Heinz Cream of Asparagus Soup Heinz Cream of Celery Soup Heinz Cream of Green Pea Soup Heinz Cream of Mushroom Heinz Cream of Oyster Heinz Cream of Tomato Soup Heinz Bean Soup Heinz Beef Broth Heinz Clam Chowder Heinz Gumbo Creole Heinz Mock Turtle Soup Heinz Scotch Broth Heinz Noodle Soup Heinz Pepper Pot Soup Heinz Vegetable Soup Heinz Consomm Link to comment Share on other sites More sharing options...
neufuse Veteran Posted March 25, 2015 Veteran Share Posted March 25, 2015 Well there goes all my hopes for ketchup and beans, they'll destroy them like the did the Cadbury and the cream egg. Sad time. huh? why? Kraft and Heinz are both american companies, its not like an american company is buying a British company like Cadbury and changing the food again when kraft bought them out originally Link to comment Share on other sites More sharing options...
DocM Posted March 25, 2015 Share Posted March 25, 2015 Mayonnaise, BBQ sauces, marinades, steak sauce, Worchestershire sauce, pasta sauces, beans, baby foods, ketchup, canned fruit and vegetables, frozen foods.... Their labels may not say Heinz in all cases (Classico pasta sauce, Bagel Bites, Lea & Perrins etc.) but it's Heinz. Doesn't matter much here anyhow since we make homemade ketchup and most other sauces using family recipes, can veggies etc. The store stuff is too salty and most ketchups overly acidic. Link to comment Share on other sites More sharing options...
philcruicks Posted March 25, 2015 Share Posted March 25, 2015 huh? why? Kraft and Heinz are both american companies, its not like an american company is buying a British company like Cadbury and changing the food again when kraft bought them out originally Why does where the company is based make a difference, just because Cadbury was a UK company there was no need to change the ingredients, but they did. and they most likely will with Heinz Link to comment Share on other sites More sharing options...
neufuse Veteran Posted March 25, 2015 Veteran Share Posted March 25, 2015 Why does where the company is based make a difference, just because Cadbury was a UK company there was no need to change the ingredients, but they did. and they most likely will with Heinz Heinz is buying Kraft, not Kraft buying Heinz... I doubt Heinz will change their ingredients... Kraft bought Cadbury and changed their recipe... in that case Kraft wanted to use their standard cocoa powder instead of what was normally used by cadbury, which was milk chocolate... I use the foreign company idea because Kraft begin a USA company likes to use cheaper products aka coca powder instead of the more expensive way with milk choclate... another part of it was to standardize the operation as in the USA you can't call what you guys sold as "Dairy milk chocolate" as chocolate here since it also has vegetable oils in it.. Link to comment Share on other sites More sharing options...
SiCKX Posted March 25, 2015 Share Posted March 25, 2015 I thought they were British? Doh! And most recognised? I dunno, ketchup, beans and soup. Heinz sound german if anything. Never crossed my mind it could be brit. Dick Montage 1 Share Link to comment Share on other sites More sharing options...
neufuse Veteran Posted March 25, 2015 Veteran Share Posted March 25, 2015 Heinz sound german if anything. Never crossed my mind it could be brit. The H. J. Heinz Company, or Heinz, is an American food processing company with world headquarters in Pittsburgh, Pennsylvania. It was founded by Henry Heinz in 1888. Henry John Heinz (October 11, 1844 Dick Montage 1 Share Link to comment Share on other sites More sharing options...
greenwizard88 Posted March 25, 2015 Share Posted March 25, 2015 There was talk of Heinz buying Pepsi, for synergistic reasons at Pizza Hut, Taco Bell, and the other pepsico owned restaurants. I guess that must've fallen through. That, or Kraft-Heniz is going to become Kraft-Heinz-Pepsi Suck on that, Nestl Link to comment Share on other sites More sharing options...
DocM Posted March 25, 2015 Share Posted March 25, 2015 > Henry John Heinz (October 11, 1844 Link to comment Share on other sites More sharing options...
PGHammer Posted July 3, 2015 Share Posted July 3, 2015 not really, ketchup is one of their most recognizable products, that's why they use that association Interesting thing for my area though... Heinz is HQ in Pittsburgh, Pa... hopefully they don't decide to move it now... they kept it there after Buffet bought them out.. Actually, their most famous products are pickles and the core product OF the pickle - the cucumber. Rather amusingly, their LEAST-famous products are the root product of cucumbers and tomatoes (the core ingredient of ketchup) - the seeds. Burpee Seeds has the exclusive rights to distribute the seeds developed by H. J. Heinz for both cucumbers and tomatoes. Link to comment Share on other sites More sharing options...
remixedcat Posted July 3, 2015 Share Posted July 3, 2015 both brands are gross Link to comment Share on other sites More sharing options...
DocM Posted July 3, 2015 Share Posted July 3, 2015 Homemade ketchup is far far better, and IMO of the store brands Hunt's ketsup is better than Heinz. Richer and less vinegary. remixedcat 1 Share Link to comment Share on other sites More sharing options...
MikeChipshop Member Posted July 3, 2015 Member Share Posted July 3, 2015 Oh sure, ketchup is big, but of all their slogans over the years, the one that has always stuck in my head is their jingle "Beans means Heinz". ** Ahem **, i think you mean "Beanz" Link to comment Share on other sites More sharing options...
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