HJ Heinz Company
| HJ Heinz Company
|
|
|---|---|
 |
|
| legal form | Corporation |
| founding | 1869 |
| resolution | 2nd July 2015 |
| Reason for dissolution | Merger with the Kraft Foods Group |
| Seat |
Pittsburgh , Pennsylvania , United States
|
| management | Bernardo Hees, CEO |
| Number of employees | 32,200 (2012) |
| sales | $ 11.64 billion (2012) |
| Branch | Food industry |
| Website | www.heinz.com |
The HJ Heinz Company in Pittsburgh was an American producer of branded foods. The company was one of the market leaders in branded food in more than fifty countries around the world. The company was best known for its ketchup . The company has estimated the value of the Heinz brand at $ 2.5 billion.
On July 2, 2015 , the H. J. Heinz Company merged with the Kraft Foods Group to form The Kraft Heinz Company .
Company history
The origins of the company go back to the Heinz, Noble & Company founded in Sharpsburg ( Pennsylvania ) by Henry John Heinz (son of German emigrants from Kallstadt ) in 1869 . “Heinz Tomato Ketchup”, the company's best-known product, was invented in 1876.
The advertising slogan of the 57 varieties , which has been in use since then, was first used in 1886 . The same year the company started selling its products in the UK . Two years later the company was renamed the HJ Heinz Company , which last sold several thousand products under more than 150 brands.
On February 14, 2013 it was announced that Heinz would be taken over by Warren Buffett's company Berkshire Hathaway and the financial investor 3G Capital . The purchase price was 28 billion US dollars . The merger with Kraft Foods was completed on July 2, 2015.
In October 2013, McDonald’s announced that it would end its forty-year relationship with Heinz. The reason was the takeover of the management by Bernardo Hees, who previously worked for rival Burger King .
Selection of formerly sold brands
- Heinz
- HP sauce
- Lea & Perrins
- Weight Watchers (1978-1999 at HJ Heinz Company)
- Sonnen Bassermann (1999–2012 with HJ Heinz Company)
See also
Web links
- Official website of the successor company
- hjheinz.de Official German website of the successor company
Individual evidence
- ^ Heinz Investors .
- ↑ http://news.heinz.com/press-release/finance/kraft-heinz-company-announces-successful-completion-merger-between-kraft-foods
- ↑ a b Brendan Byrne: Heinz Set For Shareholder Vote . On March 27, 2013 on valuewalk.com
- ↑ Warren Buffett buys Heinz Ketchup (report on Sueddeutsche.de) , accessed on February 14, 2013
- ↑ http://news.heinz.com/press-release/finance/kraft-heinz-company-announces-successful-completion-merger-between-kraft-foods
- ↑ McDonald's no longer tastes Heinz ketchup ( Memento from October 30, 2013 in the Internet Archive ), Wirtschaftsblatt on October 28, 2013