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Alex Behring

Heinz, Kraft unveil merger deal

Heinz, Kraft unveil merger deal

PITTSBURGH and NORTHFIELD, Ill. — H.J. Heinz Co. and Kraft Foods Group Inc. plan to merge, creating the world’s fifth-largest food and beverage company, with annual revenue of $28 billion. Heinz and Kraft said Wednesday that the combined company will be called The Kraft Heinz Co. and be co-headquartered in Pittsburgh and the Chicago area.