Content about H.J. Heinz Co.

June 10, 2013

Warren Buffett's Berkshire Hathaway and 3G have completed their acquisition of condiment maker H.J. Heinz Co., Heinz said.

PITTSBURGH – Warren Buffett's Berkshire Hathaway and 3G have completed their acquisition of condiment maker H.J. Heinz Co., Heinz said.

Shareholders of Heinz will receive $72.50 per share in cash in the sale, whose total price is $28 billion. As a result of the deal, Heinz's stock is no longer trading on the New York Stock Exchange, and 3G Capital partner Bernardo Hees has been appointed as CEO.

March 6, 2013

GNC named Scott O'Hara to its board of directors.

PITTSBURGH — GNC on Monday named Scott O'Hara to its board of directors. 

"[O'Hara's] wealth of knowledge and experience, particularly his international business expertise, should be a valuable resource to GNC as we move forward," stated Joe Fortunato, GNC chairman and CEO. 

February 14, 2013

The investment groups of billionaires Warren Buffett and Jorge Paulo Lemann will buy H.J. Heinz for about $23 billion, according to published reports.

NEW YORK — The investment groups of billionaires Warren Buffett and Jorge Paulo Lemann will buy H.J. Heinz for about $23 billion, according to published reports.

Bloomberg reported that Buffett's Berkshire Hathaway and Lemann's 3G Capital would buy the condiment maker for $72.50 per share, and the deal includes $12 billion to $13 billion from Buffett's group. Heinz also owns the Ore-Ida potato chip brand.