By John McCarthy

Heinz has announced that it will merge with Kraft Foods Group to create the US’s third largest food manufacturing company.

Heinz owner, 3G Capital, worked with billionaire investor Warren Buffett’s Berkshire Hathaway to form the new entity, which will be known as the Kraft Heinz Company.

The company, which will be the fifth largest food and drinks firm in the world, will be headquartered in in Pittsburgh and the Chicago area.

Alex Behring, chairman of Heinz and the managing partner at 3G Capital, said: “By bringing together these two iconic companies through this transaction, we are creating a strong platform for both US Read full story ›

Source: The Drum