Ok, let me warn you guys that I haven’t caught this last episode of Mad Men from Sunday night. By the time we settled in from our busy day partying around, we sat there exhausted and decided to watch Mr. Selfridge instead. If you haven’t started watching Mr. Selfridge, start to. I highly, HIGHLY, recommend it. Ok, ok, let me get to what my title means.
Reading business online I stumbled upon this:
“Bank of America Merrill Lynch advises H.J. Heinz Company on record-breaking acquisition.”
You know, Heinz, ketchup, baked beans and other condiments? When I saw the logo, I honestly started to chuckle. I had to delve into the article cause with them highly featured in Mad Men I feel vested to know more about HJ Heinz Company. I am being serious! Plus, I am a ketchup-a-holic..and only eat theirs. SOOOOOooo, I want to know what is going on with my most iconic food brand.
As it comes down to it, the HJ Heinz Company was sold to Berkshire Hathaway and 3G Capital, namely to Warren Buffett, for $28 billion. (My Lord, billions!) According to our article, Berkshire Hathaway and 3G Capital, along with the assistance of Bank of America, was part of the largest merger and acquisition in the food arena. Wow, right? That is pretty huge for my company and theirs. Further the article states that they will maintain Heinz’s values / heritage, including keeping Pittsburgh as their headquarters globally. How much will Heinz change though? I mean, what’s going to happen to my ketchup!?
Time will only tell, as they solidify this merger and acquisition this summer. I’m keeping my eyes open on this one.