Company Overview Visit heinz.com website
H.J. Heinz Company is a company in the food industry known for its ketchup and baked beans. It was founded in 1869 by Henry J. Heinz, originally selling various vegetables in addition to condiments. The company's headquarters are located in Pittsburgh, Pennsylvania. In 1946, H.J. Heinz Company merged with Kraft Foods, who then sold their shares of the joint company back to H.J. Heinz Company in 1995 - making it the sole owner again.
In February 2015, Warren Buffet bought 5% stake of HJ Heinz Co., which puts the company's total valuation at more than $28 billion dollars. Due to having such an outstanding reputation, H.J. Heinz Company has been a publicly traded company since February 26, 2013.
Since 1869, the company has expanded to more than 200 countries and currently accounts for about 5% of total global sales in packaged food. In 2014, this equaled about $11 billion dollars. As of June 1st 2015, H.J. Heinz has a market capitalization of approximately 20 billion dollars.
In addition to ketchup and baked beans, H.J. Heinz Company now sells products including condiments (including ketchup), frozen food (beans, baby foods), snacks & desserts (potato chips) as well as other catering items such as soups etc.