Heinz, Kraft unveil merger deal

March 25, 2015 by Chain Drug Review and Chain Drug Review Alex Behring, Berkshire Hathaway, Bernardo Hees, food and beverage company, Heinz, John Cahill, Kraft, The Kraft Heinz Co., Warren Buffet Leading Headlines, Supplier News

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.