Kraft and Heinz Merged to Create World's Fifth-Largest Food Company
Mar 25, 2015
Kraft announced a merger with H.J. Heinz Co., which is owned by 3G Capital and Berkshire Hathaway. This new company, called Kraft Heinz Co., is the fifth-largest food and beverage company. As a result of this development, Kraft’s stock price went up by over 30%.