On February 14, 2013, it was announced that Heinz would be purchased by Berkshire Hathaway and 3G Capital for $23billion. Including debt assumption the transaction was valued at $28billion. According to Heinz, the deal was the largest in food industry history. Berkshire Hathaway and 3G would each own half of Heinz, with 3G running the company. Berkshire and 3G paid $72.50 a share. The acquisition was completed in June of that year. Berkshire and 3G immediately named Bernardo Hees, former chief executive of Burger King Worldwide Inc, as the CEO.
On February 14 2013 it was announced that Heinz would be purchased by Berkshire Hathaway and 3G Capital for $23billion Including debt assumption the transaction was valued at $28billion According to Heinz the deal was the largest in food industry history Berkshire Hathaway and 3G would each own half of Heinz with 3G running the company Berkshire and 3G paid $7250 a share The acquisition was completed in June of that year Berkshire and 3G immediately named Bernardo Hees former chief executive of Burger King Worldwide Inc as the CEO