Posted on 03/25/2015 3:09:09 AM PDT by rickmichaels
Kraft Foods Group Inc, maker of Velveeta cheese and Oscar Mayer meats, is in talks to be acquired by Brazilian private equity firm 3G Capital, a source familiar with the matter told Reuters on Tuesday.
3G teamed up with Warren Buffett’s Berkshire Hathaway Inc to acquire Ketchup maker H.J. Heinz Co for $23.2-billion two years ago. 3G is now expected to merge Kraft with Heinz if it clinches a deal.
(Excerpt) Read more at theglobeandmail.com ...
Ah, I can see it now Kraft Dinner... national food of Canada... now available as carry out at Tim Hortons!
That there’s a big deal, eh?
Heinz...word is Heinz bought Kraft. All news outlets in Pittsburgh carry it this morning.
Once that scam deal has been baptized, read their labels carefully....they just might state Made in China, “PRC” or something similar. Nothing would surprise me.
Never would have thought of that, good point.
Who is John Gault?
I assume that means Heinz will now move to Canada as well?
I heard about an hour ago on Fox Business that Heinz and Kraft merged. However, Heinz will end up with a controlling amount of stock, something like 51%.
A jar of hurl. Yummy
They’re already there. The ketchup plant in Leamington, Ontario is one of the largest in the world.
CC
Not bad for a hockey player who started it all.
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