Heinz - M&A Summary, Ownership, and Business Overview

FoodCompany

Heinz M&A Summary

Heinz has acquired 11 companies of its own. A total of 6 acquisitions came from private equity firms. It has also divested 8 assets.

Heinz’s largest acquisition to date was in 2008, when it acquired Golden Circle for $288M. It’s largest disclosed sale occurred in 2021, when it sold Planters Nut & Chocolate Company to Hormel Foods for $3.4B. Heinz has acquired in 5 different US states, and 4 countries. The Company’s most targeted sectors include food (56%) and consumer products (23%).

Heinz Ownership

Who owns Heinz?

Heinz is owned by 3G Capital and Berkshire Hathaway. It was acquired on February 14, 2013.

Is Heinz PE-backed?

Yes. Heinz is owned by private equity investors 3G Capital and Berkshire Hathaway.

Heinz Business Overview

Where is Heinz headquartered?

Heinz is headquartered in Pittsburgh, Pennsylvania.

How many employees does Heinz have?

Heinz has 32,200 employees.

What sector is Heinz in?

Heinz is a food company.

When was Heinz founded?

Heinz was founded in 1869.

M&A Summary

  • M&A Total Activity17
    • M&A Buy Activity9
    • M&A Sell Activity8
  • Total Sectors Invested 4
  • Total Countries Invested 4
  • M&A Buy/Sell Connections 14
  • M&A Advisors 3

Heinz

Kraft-Heinz, Inc.

One PPG Place,
Pittsburgh, Pennsylvania 15222
United States,
(412) 456-5700
www.heinz.com

Heinz is a condiments and food processing company. The company was formed in 1869 and is based in Pittsburgh, Pennsylvania.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # 9 - - - - - 9
vol $488M $488M
Sell (0.2/yr) # 7 - 1 - - - 8
vol $735M $3.4B $4.1B
  17

Most Recent M&A

Company Date Value Type
Planters Nut & Chocolate Company 2021-02-11 3.4B USD Divestiture
Glenview, Illinois · www.planters.com
Primal Nutrition LLC (Primal Kitche) 2018-11-29 200M USD Add-on Acquisition
Oxnard, California · www.primalkitchen.com
The Kraft Heinz Co. 2015-03-25 - Merger
Northfield, Illinois · www.kraftheinzcompany.com
Dianne's Fine Desserts 2012-05-14 - Divestiture
Newburyport, Massachusetts · www.diannesfinedesserts.com
Appetizers And, Inc. 2009-12-18 - Divestiture
Chicacgo, Illinois · www.appetizersandinc.com
Golden Circle Ltd. 2008-12-01 288M USD Add-on Acquisition
Northgate, Australia · www.goldencircle.com.au
Bénédicta S.A. 2008-07-07 - Add-on Acquisition
Seclin, France · www.benedicta.com
Thermo Pac LLC 2008-01-01 - Divestiture
Stone Mountain, Georgia
HP Foods’ Ethnic Foods business 2006-01-01 - Trade Sale
, United Kingdom
Nancy's Specialty Foods, Inc. 2005-07-19 - Add-on Acquisition
Newark, California · www.nancys.com
View All >>

Business Unit M&A

Company Acquired Add-On/Sale Date #
The Kraft Heinz Co.    - Just Spices GmbH 2021-12-10 3
Northfield, Illinois · www.kraftheinzcompany.com Düsseldorf, Germany · www.justspices.com
The Kraft Heinz Co.    - Assan Foods 2021-06-11 2
Northfield, Illinois · www.kraftheinzcompany.com 34337, Turkey · www.assanfoods.com
The Kraft Heinz Co.    - Kraft Heinz’s Natural Cheese Division 2020-09-15 2
Northfield, Illinois · www.kraftheinzcompany.com Tulare, California
The Kraft Heinz Co.    - The Kraft Heinz Co. - Indian Brands 2018-10-24 1
Northfield, Illinois · www.kraftheinzcompany.com , India

M&A by Sector

Sector Buy # Value Sell # Value
Food 5 (56%) - 7 (88%) 3.4B (82%)
Consumer Products 2 (22%) 488M (100%) - -
Consumer Services 1 (11%) - 1 (13%) 735M (18%)
Distribution 1 (11%) - - -
Total 9 $488M 8 $4.1B

By Geo

State/Country Buy Value Sell Value
United States 6 200M 6 4.1B
  California 2 200M - -
  New York 1 - 1 735M
  Illinois 1 - 1 3.4B
  Colorado 1 - 1 -
  Oklahoma 1 - - -
  Missouri - - 1 -
  Massachusetts - - 1 -
  Georgia - - 1 -
United Kingdom 1 - 2 -
  Illinois 1 - 1 -
Australia 1 288M - -
France 1 - - -
Domestic 6 (67%) 200M (41%) 6 (75%) 4.1B (100%)
Cross-border 3 (33%) 288M (59%) 2 (25%) -
Total 9 $488M 8 $4.1B

Top M&A Advisors

Financial Deals
Lazard
1
Legal Deals
Kirkland & Ellis
1
Cravath, Swaine & Moore
1

Deal Values

buy # Total
$100M to $1B 2 $488M
TOTAL $488M
Largest Golden Circle Ltd.
$288M (2008-12-01)
sell # Total
> $1B 1 $3.4B
$100M to $1B 1 $735M
TOTAL $4.1B
Largest Planters Nut & Chocolate Company
$3.4B (2021-02-11)

M&A Connections

Deals
Acquired from
Investor(s)
44%
4 (44%)
Divested to
Investor(s)
50%
4 (50%)
Strategic(s)
50%
4 (50%)

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