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Berkshire Hathaway

Markets & Economy

Breaking News: Kraft, Heinz to Merge, Forming Food Giant

Deal combines cheeses, ketchup, other brands to create world’s fifth-largest food maker

Breaking News: Kraft, Heinz to Merge, Forming Food Giant

Kraft Foods Group Inc. and H.J. Heinz Co., with help from its owner 3G Capital Partners L.P. and Warren Buffett’s Berkshire Hathaway Inc., have agreed to merge in a deal that would create the world’s fifth largest food and beverage company.

“This is my kind of transaction, uniting two world-class organizations and delivering shareholder value,” said Warren Buffett, chairman and chief executive of Berkshire Hathaway, in a statement.

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