The Canadian PressJune 7, 2013 13:21
NEW YORK, N.Y. - Ketchup maker H.J. Heinz Co. began a new chapter on Friday.
The company, which also makes baked beans, vinegar and Classico pasta sauce, said that it completed its acquisition by Warren Buffett's Berkshire Hathaway and 3G Capital, the Brazilian investment firm that also owns Burger King.
With the completion of the deal, 3G is shifting one of its partners from the helm of Burger King to head Heinz. Bernardo Hees, 43, is taking the reins from William Johnson, who was the seventh CEO of the 144-year-old company for the past 15 years.