Content about H.J. Heinz Co.

March 6, 2013
GNC names new board member

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
Reports: Buffett, Lemann buy H.J. Heinz; Buffett investment group increases Costco holding

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.