Buffet makes Heinz statement

Warren Buffet
Warren Buffet

WARREN Buffet, the US billionaire who has announced he is to buy Heinz, has released a statement on his firm’s takeover of the company.

Buffet is the chairman and chief executive of Berkshire Hathaway which is part of a consortium that has acquired the food giant for $28bn (£18.05bn).

Heinz, which has a factory at Kitt Green and is Wigan’s biggest private sector employer, announced today that it has entered into a definitive merger agreement to be acquired by Buffet’s company and 3G Capital.

In a statement, the American billionaire said: “Heinz has strong, sustainable growth potential based on high quality standards, continuous innovation, excellent management and great tasting products.

“Their global success is a testament to the power of investing behind strong brand equities and the strength of their management team and processes. We are very pleased to be a part of this partnership.”