Berkshire Hathaway and 3G Capital will acquire H.J. Heinz for $28 billion, the sauce and ketchup producer informed.
The transaction is subject to approval by Heinz shareholders, receipt of regulatory approvals and other customary closing conditions, and is expected to close in the third quarter of 2013.
H.J. Heinz Company, an American food company, is the world's largest producer of ketchups. It was established in 1869 by Henry John Heinz and Clarence Noble under the name of Heinz & Noble. In 1875, Heinz & Noble went bankrupt and Henry Heinz registered his father and brother as owners of the new company F.&J. Heinz. In 1888, Henry Heinz he bought F.&J. Heinz from his relatives and renamed it H.J. Heinz. The company is headquartered in Pittsburgh.
The company produces ketchups, sauces, pickled products, soups, and refrigerated products.
Since 1996, Heinz has been operating in Russia where it owns a baby food factory in Stavropol Krai and the food producer Petrosoyuz Group. Today, the company owns more than 50 brands, including a number of brands in Russia: Heinz, Picador, Moya Semya, Mechta Khozyaiki, Heinz Baby, Derevenskoye Myagkoye, HP, Lea and Perrins Worcestershire.