Pittsburgh palates have been picky over pickles ever since H.J. Heinz founded his company in 1888. Five years later, the Heinz pickle pin was the hit of the Chicago World’s Fair.
How will the new mega-company, formed by the merger of Heinz and Kraft Foods, affect our region?
H.J. Heinz Co. is buying Kraft Foods Group Inc., creating what the companies say will be the third-largest food and beverage company in North America.
Food company H.J. Heinz Co. is eliminating 600 jobs across the U.S. and in Canada, including 350 in Pittsburgh.
It’s almost a done deal, with 95 percent of the shareholders approving the acquisition of Heinz by Berkshire Company and a Brazilian private equity company for $72.50 per share.
Federal regulators have alleged that a brokerage account in Switzerland was used for illegal insider trading ahead of the H.J. Heinz acquisition Thursday.