Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

HJ Heinz buying Kraft in deal to build food giant
The News-Gazette ^ | 3-25-2015 | AP

Posted on 03/25/2015 6:22:26 AM PDT by Citizen Zed

H.J. Heinz Co. is buying Kraft Foods, creating one of the largest food and beverage companies in the world with annual revenue in excess of $28 billion.

That means the Kraft plant in Champaign -- one of the company's largest production facilities and a major Champaign employer, will have a much larger parent compny.with many more brands.

The deal was engineered by Warren Buffett’s Berkshire Hathaway and the company that owns Heinz, Brazilian investment firm 3G Capital. Berkshire and 3G will invest $10 billion in what will come to be known as The Kraft Heinz Co.

The company, the third largest of its kind in North America, will own Kraft, Heinz, Oscar Mayer, Ore-Ida and other brands. It will maintain headquarters in Pittsburgh, where Heinz is based, and also in the Chicago area, where Kraft resides.

Shares of Kraft jumped more than 14 percent Wednesday before the opening bell.

(Excerpt) Read more at news-gazette.com ...


TOPICS: Chit/Chat
KEYWORDS:
It's the cheesiest.
1 posted on 03/25/2015 6:22:26 AM PDT by Citizen Zed
[ Post Reply | Private Reply | View Replies]

To: Citizen Zed
HJ Heinz buying Kraft in deal to build food giant

There's only one food giant..


2 posted on 03/25/2015 6:24:57 AM PDT by BerniesFriend (Sarah Palin-"Lord knows she's attractive" says bitter Andrea Mitchell and the rest of the MSM)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BerniesFriend

How much will Lurch and Terayza make on the deal?


3 posted on 03/25/2015 6:26:04 AM PDT by dfwgator
[ Post Reply | Private Reply | To 2 | View Replies]

To: Citizen Zed

Whatever happened to Huge Conglomerate Beatrice??


4 posted on 03/25/2015 6:26:29 AM PDT by MeshugeMikey ("Never, Never, Never, Give Up," Winston Churchill ><>)
[ Post Reply | Private Reply | To 1 | View Replies]

To: BerniesFriend
"There's only one food giant.."

Would that be the Jolly (Ho, Ho, Ho) Green Giant?

5 posted on 03/25/2015 6:28:19 AM PDT by Psalm 73 ("Gentlemen, you can't fight in here - this is the War Room".)
[ Post Reply | Private Reply | To 2 | View Replies]

To: Citizen Zed

Aha! We just found the way some of those unaccounted billions from the State Department were laundered.


6 posted on 03/25/2015 6:32:17 AM PDT by Safetgiver ( Islam makes barbarism look genteel.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Citizen Zed
Are people going to make fun of him for listening to Glenn Beck? Isn't this like hoarding food??. 😜
7 posted on 03/25/2015 6:37:25 AM PDT by jdsteel (Give me freedom, not more government.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Citizen Zed

Will the new company be named Kreinz or Haft?


8 posted on 03/25/2015 6:37:26 AM PDT by Catmom (We're all gonna get the punishment only some of us deserve.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Catmom

I would have guessed before this article that Kraft was the bigger company of the two.


9 posted on 03/25/2015 6:41:03 AM PDT by traderrob6
[ Post Reply | Private Reply | To 8 | View Replies]

To: Citizen Zed

Wow, they have a lock on both of the kid’s food groups; ketchup and mac & cheese.


10 posted on 03/25/2015 6:44:28 AM PDT by WinMod70
[ Post Reply | Private Reply | To 1 | View Replies]

To: Citizen Zed

What ever happened to rules about monopolies and mergers?


11 posted on 03/25/2015 6:48:29 AM PDT by a fool in paradise (Shickl-Gruber's Big Lie gave us Hussein's Un-Affordable Care act (HUAC).)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Citizen Zed

John Kerry’s cheesehead comment regains steam.


12 posted on 03/25/2015 6:53:14 AM PDT by ConservativeStatement ("World Peace 1.20.09.")
[ Post Reply | Private Reply | To 1 | View Replies]

To: a fool in paradise
What ever happened to rules about monopolies and mergers?

Anti-Trust Laws...pfft....what are those?

13 posted on 03/25/2015 6:56:27 AM PDT by dfwgator
[ Post Reply | Private Reply | To 11 | View Replies]

To: dfwgator
(Ignore the finances of my example)... I suspect that a Hobby Lobby buyout of WalMart would be blocked as being 'bad' for the public interest.
14 posted on 03/25/2015 7:03:01 AM PDT by a fool in paradise (Shickl-Gruber's Big Lie gave us Hussein's Un-Affordable Care act (HUAC).)
[ Post Reply | Private Reply | To 13 | View Replies]

To: ConservativeStatement

15 posted on 03/25/2015 7:03:53 AM PDT by a fool in paradise (Shickl-Gruber's Big Lie gave us Hussein's Un-Affordable Care act (HUAC).)
[ Post Reply | Private Reply | To 12 | View Replies]

To: a fool in paradise
Good thing is The John Heinz family ( whose John Kerry is living off has no stock) But Warren Buffett is financing the deal which means no problems with this happening because crony capitalism.
16 posted on 03/25/2015 7:10:57 AM PDT by scooby321
[ Post Reply | Private Reply | To 15 | View Replies]

To: Citizen Zed

I was actually having an argument the other day with an Obamabot who was touting that the DOW is at record levels and people are getting wealthier. I said.. Yes, the 1% are certainly getting richer. But remind me, didn’t your President run on helping the 99%ers?


17 posted on 03/25/2015 7:29:32 AM PDT by Hildy
[ Post Reply | Private Reply | To 1 | View Replies]

To: Citizen Zed
So these two giants who have thrived for decades today see no way to grow revenues - other than to merge and realize cost savings by eliminating redundancies.

Nice commentary on the Obama economy.

18 posted on 03/25/2015 7:31:23 AM PDT by Mr. Jeeves (Heteropatriarchal Capitalist)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Mr. Jeeves

shows the cancer in today’s “free market”.


19 posted on 03/25/2015 7:48:41 AM PDT by roofgoat
[ Post Reply | Private Reply | To 18 | View Replies]

To: dfwgator
How much will Lurch and Terayza make on the deal?

Nothing. They haven't had any thing to do with the company it in years.

20 posted on 03/25/2015 7:50:48 AM PDT by Ditto
[ Post Reply | Private Reply | To 3 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson