Kraft Foods has agreed to a $100 billion merger with food company Heinz, making the combined entities the third largest food and beverage group in the country, The Telegraph reported on March 25.
The merger will bring some of the biggest food and beverage brands under one company, some of which include Heinz Tomato Ketchup and Kraft Macaroni & Cheese. The move, which has been master planned by Heinz’ owners Berkshire Hathaway and 3G Capital, is expected to bring a $28 billion revenue boost. In an interview, Heinz chairman Alex Behring said that by combining the two powerful companies, they will be able to create a stronger platform that will incite massive local and international business growth.
At Arenson Law Group, PC, our team of business law attorneys assists business through various processes, including mergers and acquisitions. Call our Cedar Rapids office at (319) 363-8199 to learn more about enlisting legal assistance in pursuing such business transactions.