H.J. Heinz Company, maker of ketchup and other condiments, has agreed to be sold to billionaire Warren Buffet’s Berkshire Hathaway and Brazilian private equity firm 3G Capital in a transaction worth $28 billion. Its price tag includes the assumption of debt.
The deal is one of the largest ever for the food industry. According to Heinz, it will be financed through cash from Berkshire Hathaway and affiliates of 3G Capital, along with rollover of existing debt and debt financing from J.P. Morgan and Wells Fargo.
