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Warren Buffet Buys Heinz Ketchup for $23 Billion

Buffett’s Berkshire Hathaway Purchases Heinz in $23 Billion Deal

By , Farms.com

H.J. Heinz Co. says ketchup deal is the largest purchase that’s ever occurred in the food industry

In a surprise announcement on Thursday, billionaire investor Warren Buffet’s Berkshire Hathaway is set to buy Heinz ketchup in a $23.3 billion deal.

The Pittsburgh based company; Heinz in addition to its famous ketchup makes Classico spaghetti sauces, Ore-lda potatoes and Smart Ones frozen meals.

The company was founded by Henry John Heinz along with his neighbour L. Clarence Noble in 1869. Their first product was horseradish in a glass bottle. Their first ketchup wasn’t introduced until 1876.

It’s typical for Buffet to purchase entire companies and allow the businesses to continue operating very much the same as before. Heinz shareholders will get $72.50 cash for every share that they own. The deal is expected to close in the third quarter of 2013.


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In this CEOs of the Industry – International Edition, we sit down with Michael Agerley, Partner at IQinAbox, to explore how data is reshaping the future of pig production.

After more than 20 years as a veterinarian, Michael shares his unique perspective on the shift from hands-on animal care to data-driven decision making across the pork value chain.

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• How better data is improving real on-farm decisions

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