The Heinz Endowments

Total Page:16

File Type:pdf, Size:1020Kb

The Heinz Endowments HEADLINES OTHER About SUSTAINABLE The heinz INITIATIVES endowments Environment The Heinz Endowments have WATERSHEDS BROWNFIELDS Founded more than four decades apart, Program supported a number of other watershed and brownfield projects in Pennsylvania: the Howard Heinz Endowment, Allegheny Watershed Network Western Pennsylvania Watershed The Phoenix Land Recycling Company established in 1941, and the Vira I. Heinz The Allegheny River is one of the Protection Program The Phoenix Land Recycling The Heinz Endowments most diverse freshwater ecosystems in the The Watershed Protection Company is a non-profit corporation that Endowment, established in 1986, are Winter 1998 eastern United States. The Allegheny Program is working to protect and restore facilitates the assessment and remediation the product of a family commitment to Watershed Network, a project of the of brownfield sites for economic reuse. Pennsylvania’s unique water resources on community that began with H.J. Heinz Pennsylvania Environmental Council, an ecosystem basis, and to foster separate The organization partners with local Multi-Stakeholder Process Broadens Impact and continues to this day. In life, Howard functions as the primary source of infor- technologies to preserve and reclaim economic and industrial development of Environment Program Grants mation and support for organizations watersheds. The program supports preser- agencies, commercial realtors and devel- Heinz and Vira I. Heinz contributed and agencies working on environmental vation, acid mine drainage and stream- opers to identify locations with a high to setting the highest possible standards projects within the Allegheny watershed. bank stabilization projects as well as potential for economic reuse. It conducts of effective philanthropy. The mission The Heinz Endowments’ expanding network of environmental action,” The Network’s goal is to coordinate non-point source pollution abatement comprehensive assessments and develops stated Ed Wilson, a consultant to the OMG the work of these groups in order to and water monitoring. remediation plans for these sites, and of their foundations is to be diligent, Environment Program is seeking implement a comprehensive conserva- with the remedial requirements and costs thoughtful and creative in helping to carry to add a new dimension to its Center for Collaborative Learning, a firm tion strategy throughout the Allegheny quantified, it assists in marketing the sites grantmaking. Over the past four engaged to monitor the environment program The Juniata River Project those standards forward. The Heinz River watershed. The Endowments support the to prospective purchasers. years, the program has developed as part of an ongoing evaluation. Endowments are based in Pittsburgh and Chesapeake Bay Foundation’s Juniata a “green team” approach, an on- But forming these partnerships can be Riverkeeper Program which focuses on The Center for Land Renewal they share a commitment to supporting going effort to rally grantees to difficult. The dynamics of bringing diverse protection and restoration of the Juniata The Center for Land Renewal is the efforts of non-profit organizations, work together on specific projects. groups to the same table provides valuable watershed in central Pennsylvania. leading the development of the Brown- primarily in western Pennsylvania, lessons in discipline and diplomacy. The watershed, a major tributary of the fields Network, a forum through which In the future, the Endowments Susquehanna/Chesapeake Bay system, organizations and individuals across the in the areas of arts and culture, children, will attempt to create additional “Addressing the challenges of the is extraordinarily diverse and still rela- country can communicate and share youth and families, economic opportunity, leverage by encouraging a more environment cannot be done in piecemeal information on industrial site reuse. tively unspoiled. This program focuses education, and the environment. self-sustaining “green network” fashion,” stated Andrew McElwaine, director on four areas: agriculture, wetlands, One of the largest salamanders in North of diverse community stakeholders. of environment programs. “In an effort to meet land conservation and environmental Pittsburgh RISES America, the Hellbender, found in French As the program grows, it is uniting their project goals, we’ve watched many of our education. Pittsburgh RISES (Regional Creek, can grow to be 29 inches long and not only grantees, but an interactive web of grantees form partnerships with a broad circle Industrial Site Evaluation System) is a weigh up to 5 1/2 pounds. geographical information system and community organizations, business owners, of people and organizations and tackle the database of available industrial properties government officials and citizens. The program challenges of winning public support. It’s been in the Pittsburgh area. The project, a is now working toward using multi-stakeholder truly remarkable to watch new alliances form collaboration between the University For more information, please contact: processes to add to the momentum of many and smart programs become integrated into of Pittsburgh and Carnegie Mellon Andrew McElwaine environmental initiatives — giving them the community.” University, is providing custom physical, Program Officer and strength and solidarity and increasing the Two areas in which the Environment economic and environmental analyses, Director of Environment Programs Left: On a canoe trip, led by the likelihood of long-term success. Program is working to build green networks so informed decisions can be made by 30 CNG Tower Chesapeake Bay Foundation, groups of “It is becoming clear that the Environ- are Watersheds and Brownfields. These areas students and adults look for crayfish and prospective developers, planning organi- 625 Liberty Avenue study the healthy life of the Juniata River. zations, community groups and policy Pittsburgh, PA 15222 ment Program is not simply creating a series reflect the program’s commitment to environ- makers. of project teams, it is also forging diverse and mental protection and ecological restoration. 412·338·2627 sometimes unexpected linkages to create an email: [email protected] Background:Through a Geographical Information System, Pittsburgh RISES H&V networksThe slag pile of Nine Mile Run identifies hundreds of brownfield sites looms over the community of in Allegheny County and the City of HE Duck Hollow near Pittsburgh. Pittsburgh. www.heinz.org Design: Mark Friedman & Associates Photo credits: Charles Bier, Paul Wiegman Printed with soybean inks on recycled paper C WATERSHEDS BROWNFIELDS The French Creek Project is a five- The French Creek year initiative with three central goals: to The Nine Mile Run Key Partners: Project raise public awareness about the value of Greenway Project the stream; to catalyze the development of The network that is supporting the goals of the Nine Mile Run Greenway Project as disparate — environmentalists, farm- livestock to have access to the creek, Canvassing the Creek Environmental Alliance “Perhaps the most striking opportunity French Creek has been called the a community based watershed organiza- includes the following: ers, business leaders, local government businesses don’t want the environment The Canvassing the Creek initiative for Senior Initiative noted for a large park is the valley of Nine most biologically diverse watershed in tion; and to preserve the stream’s habitat, officials, teachers and landowners. This to deter economic growth — our is a door-to-door outreach effort to intro- French Creek staff are bringing Mile Run...” Pennsylvania. It flows 117 miles from maintain biological diversity and protect The City of Pittsburgh approach encourages community accep- challenge is to integrate the goals of duce the community to the French Creek high school and college students Frederick Law Olmstead, Jr., 1910 western New York through northwest- endangered species. The Department of City Planning commissioned a master planning study of tance and can change the way people the project into the community and Project. “We knew that a top-down pro- together with senior citizens to carry ern Pennsylvania to Franklin, where Through unique public outreach the 240 acre site of Nine Mile Run, which proposes to build 1200 residential think about and act toward the creek build trust among all stakeholders.” ject wouldn’t be well received and that out water quality monitoring. In 1911, when Frederick Law it drains into the Allegheny River. programs, the project has gained wide- units and create almost 100 acres of public space. and its tributaries.” The French Creek Project has we needed public support for protection Olmstead, Jr. was a consultant to The barren mountain of industrial waste and the stream valley of Nine Mile Run French Creek, named by a young spread support from groups and individ- “The project staff have rallied responded to these potential barriers by of the watershed,” said Hill. “We thought The French Creek Calendar Pittsburgh’s Civic Commission, he George Washington in 1753, is the uals throughout the watershed. It has The Urban Redevelopment Authority widespread community support and reaching out to key community groups that door-to-door canvassing would be The project is using history recommended a major park be created habitat for more species of fish and also managed to focus state-wide media The URA, now the owner of the Nine Mile Run site, identified four design they’ve made people realize what a
Recommended publications
  • United States Court of Appeals for the Fifth Circuit Fifth Circuit FILED April 12, 2021 No
    Case: 20-30418 Document: 00515817174 Page: 1 Date Filed: 04/12/2021 United States Court of Appeals United States Court of Appeals for the Fifth Circuit Fifth Circuit FILED April 12, 2021 No. 20-30418 Lyle W. Cayce Clerk Dennis Perry, Plaintiff—Appellant, versus H. J. Heinz Company Brands, L.L.C.; Kraft Heinz Foods Company, Defendants—Appellees. Appeal from the United States District Court for the Eastern District of Louisiana USDC No. 2:19-CV-280 Before Owen, Chief Judge, and Graves and Ho, Circuit Judges. James E. Graves, Jr., Circuit Judge: Mr. Dennis Perry makes Metchup, which depending on the batch is a blend of either Walmart-brand mayonnaise and ketchup or Walmart-brand mustard and ketchup. Mr. Perry sells Metchup exclusively from the lobby of a nine-room motel adjacent to his used-car dealership in Lacombe, Louisiana. He has registered Metchup as an incontestable trademark. Though he had big plans for Metchup, sales have been slow. Since 2010, Mr. Perry has produced only 50 to 60 bottles of Metchup, which resulted in sales of around $170 and profits of around $50. He owns www.metchup.com but has never Case: 20-30418 Document: 00515817174 Page: 2 Date Filed: 04/12/2021 No. 20-30418 sold Metchup online. For better or worse, the market is not covered in Metchup. Along comes Heinz. It makes Mayochup, which is solely a blend of mayonnaise and ketchup. To promote Mayochup’s United States launch, Heinz held an online naming contest where fans proposed names. A fan submitted Metchup, and Heinz posted a mock-up bottle bearing the name Metchup on its website alongside mock-up bottles for the other proposed names.
    [Show full text]
  • Maybe Warren Buffett Agrees with Bill Gross on Financial Asphyxiation Article
    Article SNL Blogs Monday, August 17, 2015 2:18 PM ET Maybe Warren Buffett agrees with Bill Gross on financial asphyxiation By Jeff K. Davis Jeff Davis, CFA, is a veteran bank analyst and SNL Financial contributor. The views and opinions expressed in this piece are those of the author and do not necessarily represent the views of SNL or Mercer Capital, where he is the managing director of the financial institutions group. The financial press tracks Janus Capital Group Inc.'s star fixed-income portfolio manager Bill Gross closely. His Saigon-like helicopter roof departure from Pacific Investment Management Co. LLC (PIMCO) last year has been forgotten. His accomplishments as one of the best fixed-income investors the past four decades are more important than a short, messy chapter in his life. Many have one or two anyway. As a bond manager, Gross is dour compared to equity investors, who usually ask two questions: What's the upside and what's the margin of safety if I am wrong? Plus, equity investors cheer from the rafters for actions that are detrimental to corporate bond holders: buybacks, dividend recaps, debt-financed M&A and spinoffs of profitable units. For bond investors like Gross, what is bad for equities typically is good for bonds. A weaker economy can translate into rising bond prices and declining yields. Rising prices and coupon clipping can generate great total returns, except for our age when only the lower rungs of the high-yield market offer much coupon to clip. With commodity prices in a free fall and credit spreads beginning to widen, the markets' tone has been negative lately.
    [Show full text]
  • Five Alumni of H.J. Heinz Board of Directors Send Letter to Procter & Gamble Directors
    FIVE ALUMNI OF H.J. HEINZ BOARD OF DIRECTORS SEND LETTER TO PROCTER & GAMBLE DIRECTORS Describe How Nelson Peltz Won Them Over as a Heinz Director After a Hard-Fought Proxy Contest Underscore Nelson Peltz’s Long-Term Focus and Contributions Made to Heinz Board September 27, 2017—Five Alumni of the H.J. Heinz Company (“Heinz”) Board of Directors today sent a letter to Directors of The Procter & Gamble Company (NYSE: PG) (“P&G”), reflecting on their positive experience working with Nelson Peltz in the Heinz boardroom. Following Heinz’s hard-fought 2006 proxy contest against Trian Fund Management, L.P. (“Trian”), the Alumni of the Heinz Board found Nelson Peltz to be a valuable, constructive and collegial director with a focus on delivering long-term value to Heinz shareholders. The five signatories of the letter are former Heinz directors Charles E. Bunch, Thomas J. Usher, Dennis Reilley, John G. Drosdick and Dean R. O’Hare – all of whom were members of the Heinz Board for the entirety of Nelson Peltz’s tenure on the Board from 2006 through 2013. Dear Procter & Gamble Directors, In 2006, Nelson Peltz joined the Board of H.J. Heinz Company following a long and hard-fought proxy contest. Like you, many of us had feared that Nelson’s presence would disrupt the effectiveness of our Board process and derail the execution of our strategy. However, just the opposite proved true. The following are some reflections on our experience with Nelson as a Heinz Director: Nelson was a valued member of the Heinz board.
    [Show full text]
  • 2019 SEC Form 10-K (PDF File)
    UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2019 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-14905 BERKSHIRE HATHAWAY INC. (Exact name of Registrant as specified in its charter) Delaware 47-0813844 State or other jurisdiction of (I.R.S. Employer incorporation or organization Identification No.) 3555 Farnam Street, Omaha, Nebraska 68131 (Address of principal executive office) (Zip Code) Registrant’s telephone number, including area code (402) 346-1400 Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbols Name of each exchange on which registered Class A Common Stock BRK.A New York Stock Exchange Class B Common Stock BRK.B New York Stock Exchange 0.750% Senior Notes due 2023 BRK23 New York Stock Exchange 1.125% Senior Notes due 2027 BRK27 New York Stock Exchange 1.625% Senior Notes due 2035 BRK35 New York Stock Exchange 0.500% Senior Notes due 2020 BRK20 New York Stock Exchange 1.300% Senior Notes due 2024 BRK24 New York Stock Exchange 2.150% Senior Notes due 2028 BRK28 New York Stock Exchange 0.250% Senior Notes due 2021 BRK21 New York Stock Exchange 0.625% Senior Notes due 2023 BRK23A New York Stock Exchange 2.375% Senior Notes due 2039 BRK39 New York Stock Exchange 2.625% Senior Notes due 2059 BRK59 New York Stock Exchange Securities registered pursuant to Section 12(g) of the Act: NONE Indicate by check mark if the Registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.
    [Show full text]
  • 893780-SHH 2015 Annual Report.Indd
    ANNUAL REPORT 2015 “It is the small things children’s wellbeing and safety while they may be at work. The rural setting of our residential camp uniquely offers opportunities that matter the most.” to be continuously active and to learn about environmental stewardship. The positive influence of friendships built during Staff and volunteers typically these experiences can have a say this when asked what helps lifelong impact. our members have fun and learn new things when they Empowering all youth, especially those who need us most, is a come to Sarah Heinz House BIG mission. But we know it is achievable by doing many small each day. things exceedingly well. The small things which cause them to joyfully come through our door each day to be part of activities It can start with a simple hug to that improve their fitness and health, deepen learning and build say hello, a spontaneous 30 second chat in a hallway to convey new friendships. how special a child really is, or the longer discussion at the table during the nightly dinner to simply listen to what’s on their Sarah Heinz House is extremely proud of our team of innovative minds. Encouragement and recognition are also given during employees, amazing volunteers and seasonal staff whose individual and group projects or fitness activities so our kids find collective talents and care for our youth resulted in over 100 a way to push themselves to new levels of achievement. different after school programs and 8 weeks of summer camp for 1,800 youth in 2015.
    [Show full text]
  • 5Th Annual Mcknight Basket Night/Bake-Off
    5th Annual McKnight Basket Night/Bake-Off March 8, 2013 Basket Descriptions KA-Willy Wonka The World's Largest Gummy Bear (5 pounds!), $25 gift card to Target to pick your own chocolate items, The Complete Adventures of Charlie and Mr. Willy Wonka, by Ronald Dahl, Willy Wonka and the Chocolate Factory DVD, Charlie and the Chocolate Factory DVD, Purple Willy Wonka style hat, Nintendo controller power mints (novelty candy), Pacman game novelty candy, 2 Rainbow Nerds movie theater size boxes, 2 Spree movie theater size boxes, Starburst movie theater size box, Sweet tarts movie theater size box. Dots movie theater size box, 8 Giant Pixy Stix, Chewy sprees , Mini chewy sweet tarts, Sweet tarts hearts, Gobstopper hearts, 2 Nerds ropes KB-Ice Cream $25 brusters gift card, 5 boxes of cones and cups, 10 plastic ice cream bowls with spoons, Ice cream scooper, Root beer ( for floats), Milkshake straws, 2 packages so cookies and cream ice cream toppings, Smackers sundae syrup, Hershey's caramel and chocolate flavored syrup, Maraschino cherries, Hershey's shell toppings, Reese's shell topping, 7 types of sprinkles Heath toffee bits, Chocolate chips, M&M minis, Reese's pieces, Set of 4 ice cream crayons, 2 books -"The Ice Cream King" and "Nancy drew and the clue crew scream for ice cream" KC-Football Steelers sweatshirt large adult, Nerf footballs, one large and one small, Terrible towel, 80 football NFL trading cards, Steelers adult gloves, Water bottle, Steelers key ring, Ben Rothlisberger photo, Youth Steelers ball cap, Troy Polamalu figurine 6" tall, Heinz Field puzzle, 100 piece KD-Patio 8 Melamine plates, 8 Melamine bowls, Pitcher, 8 glasses, Serving bowl, chip and dip tray , 8 placemats, Table cloth, Wind chime, Party tub, Badminton set, Sm.
    [Show full text]
  • Warren Buffett Trip
    Warren Buffett Trip Omaha, Nebraska January 2018 Letter from Smart Woman Securities National Meeting with Warren Buffett on January 12th was an honor and a privilege that SWS members will treasure for a lifetime! During the 2 ½ hour Q&A session, we intently listened to Mr. Buffett as he educated us on business, provided advice on rela- tionships and shared meaningful and humorous insights on life and success. He is often referred to as the “Sage of Omaha”, a title earned for being the world’s greatest investor. The definition of a sage is someone characterized by wisdom, prudence and good judgement and Mr. Buffett truly embodies each of these qualities. But the depth of his tremendousness goes far beyond his financial acumen. And because of his generosity with his time, we were able to see and hear for ourselves just how wonderful a person he is. His brilliance, humility, kindness and optimism were evident and inspiring. Our rigorous preparation requirements included readings from The Intelligent Investor, The Making of an American Capital- ist, watching video interviews, dissecting the Annual Shareholder newsletter, and participating in weekly discussion groups. By thoroughly researching companies and studying biographies of the executives that we were meeting, it allowed the students to take full advantage of the opportunity of asking thoughtful questions beyond what anyone could easily access on the internet. All agreed that the preparation allowed them to derive the maximum benefit from the trip. That afternoon was followed by an exclusive dinner at Mr. Buffett’s favorite steakhouse, Gorat’s with our members and SWS Co- founders, Tracy Britt Cool and Teresa Hsiao.
    [Show full text]
  • Brady Smith 412-454-6459 [email protected]
    Media Contact: Brady Smith 412-454-6459 [email protected] Pittsburgh Illustrated: New History Center Exhibit Showcases Works of Art by the Society of Illustrators -The juried exhibition features artwork that depicts Western Pa. history in a new and engaging way- PITTSBURGH, July 22, 2017 – Visitors to the Senator John Heinz History Center can marvel at more than 50 new works of art by members of the Pittsburgh Society of Illustrators (PSI) as part of the new exhibition, Art of Facts | Uncovering Pittsburgh Stories, now on display in the museum’s fifth floor Barensfeld Gallery. The Art of Facts exhibit creatively interprets the rich history of Western Pennsylvania and shares its compelling stories through the art of illustration. Last year, members of the Pittsburgh Society of Illustrators – the second largest group of illustrators in the U.S. – were charged with researching, discovering, and sharing those stories in a new and engaging way. The artists’ work featured in the exhibit depicts everything from Andrew Carnegie’s job at age 13 in a textile mill to Walt Disney’s visit to Westinghouse to the story of Pittsburgh’s lost “H,” and much more. Beyond the major landmarks, groundbreaking discoveries, celebrated achievements, and famous locals, there are captivating details of history that have seldom been shared. Celebrating its 20th anniversary in 2017, the Pittsburgh Society of Illustrators brings those local illustrators together to facilitate artistic and professional growth, advocate for artists’ rights, and promote collective Pittsburgh talent. The Art of Facts exhibit showcases the talent of PSI artists who work in corporations, publishing, the medical field, science, and a range of other disciplines throughout the region.
    [Show full text]
  • The Leeding Edge Shaking Off Its Polluted Past, Pittsburgh Is Becoming a Center of Smart Design and Green Building
    SUMMER 2002 The Magazine of The Heinz Endowments The LEEDing Edge Shaking off its polluted past, Pittsburgh is becoming a center of smart design and green building. INSIDE: Girls Count On Stage in East Liberty inside Founded more than four decades Our fields of emphasis include apart, the Howard Heinz Endowment, philanthropy in general and the established in 1941, and the Vira I. disciplines represented by our grant- Heinz Endowment, established in 1986, making programs: Arts & Culture; are the products of a deep family Children, Youth & Families; Economic commitment to community and the Opportunity; Education; and the common good that began with Environment. These five programs work H. J. Heinz and continues to this day. together on behalf of three shared The Heinz Endowments is based in organizational goals: enabling south- Pittsburgh, where we use our region western Pennsylvania to embrace and as a laboratory for the development realize a vision of itself as a premier of solutions to challenges that are place both to live and to work; making national in scope. Although the majority the region a center of quality learning of our giving is concentrated within and educational opportunity; and southwestern Pennsylvania, we work making diversity and inclusion defining wherever necessary, including statewide elements of the region’s character. and nationally, to fulfill our mission. That mission is to help our region thrive as a whole community — economically, ecologically, educationally and culturally— while advancing the state of knowledge and practice in the fields in which we work. h magazine is a publication of The Heinz Endowments. At the Endowments, we are committed to promoting learning in philanthropy and in the specific fields represented by our grantmaking programs.
    [Show full text]
  • Krupa Global Investments Announces Holiday Campaign to Save Kraft Heinz; Will Bring Campaign Directly to Buffett
    Krupa Global Investments Announces Holiday Campaign to Save Kraft Heinz; Will Bring Campaign Directly to Buffett The Central Europe based investment firm, previously known as Arca Capital, is arranging for billboards and demonstrations during the holiday season to advance its campaign for an $80/share buyout of Kraft Heinz from Berkshire Hathaway PRAGUE, Dec. 21, 2018 -- Krupa Global Investments ("KGI"), one of the largest shareholders in Kraft Heinz, has announced that it will continue its campaign for an $80/share buyout throughout the holidays in an effort to convince Warren Buffett to make investors whole on funds invested when Kraft Heinz first went public in 2015. Kraft Heinz shares have fallen approximately 40 percent since the IPO. The holiday campaign will involve demonstrations in Omaha with canvassers distributing flyers complete with a direct appeal from ordinary shareholders to Buffett. That letter can be found on Krupa Global Investments website at www.KrupaInvestments.com. Demonstrations have also been taking place in New York earlier this week outside the offices of various Berkshire Hathaway Board members. Pavol Krupa, Chairman of Krupa Global Investments, had the following remarks on the letter and the campaign, "We at Krupa Global Investments wish Mr. Buffett and all board members of Berkshire Hathaway a Merry Christmas and Happy Holidays. Krupa Global Investments stands ready to meet with Mr. Buffett, even during the holidays, to build consensus for a constructive resolution that will build billions of dollars in shareholder value for ordinary investors and Buffett alike." About Krupa Global Investments: Krupa Global Investments, previously known as Arca Capital, is a private investment group with a focus on energy, real estate, retail and service activities, as well as regulated activities focused on building and managing fund structures focusing on energy, real estate and financial services.
    [Show full text]
  • Kraft Heinz Merger
    Kraft Heinz Merger Mohd Sakib Agenda n Overview of Merger Companies n Deal Terms and Merger Structure n Synergies and Risks n Effects on Investors – 3G Capital and Berkshire Hathaway n Future of Kraft Heinz 4/22/15 Wall Street Club 2 Overview of Kraft n Kraft Foods Group, Inc. is a consumer packaged food and beverage company founded in 1903 – Operates in six segments; portfolio of >70 major brands – Primarily serves supermarket chains, club stores, retail food outlets, etc n Kraft split into Kraft Foods, focusing on grocery products in North America, and Mondelez International Inc., focused on snacks – Stable financial performance – $18 Billion in annual sales – 9 brands with more than $500 Million in annual sales 4/22/15 Wall Street Club 3 Overview of Heinz n H.J. Heinz Company is a global food player that was established in 1869 – Three core categories: Ketchup and Sauces, Meals and Snacks, and Infant/Nutrition – Products have #1 or #2 market share in 50+ countries n Acquired by Warren Buffett and 3G Capital for $28 Billion in 2013 – Appealing due to strong, durable brands and global presence – Strong international presence with emerging market sales consisting of 25% of total revenue 4/22/15 Wall Street Club 4 Deal Terms and Merger Structure n Stock for stock merger possibly valued at $46.6 Billion and orchestrated by Berkshire Hathaway and 3G Capital – Heinz will control 51% whereas Kraft will own remaining 49% n $10 Billion special cash dividend to be paid out by 3G and Berkshire – Kraft shareholders will receive $16.50 a share, representing
    [Show full text]
  • HEINZ, NETHERLAND Elst
    Reference card HEINZ, NETHERLAND Elst HEINZ Netherland The H.J. Heinz Company, headquartered in Pittsburgh, Pennsylvania, is the most global of all U.S.-based food companies. Famous for our iconic brands on six continents, Heinz provides delicious, nutritious and convenient foods for families in 200 countries around the world. In more than 50 of those countries, we enjoy the number-one or number-two market position. Throughout the world, Heinz is synonymous with ketchup. We sell 650 million bottles of Heinz ketchup every year and approximately two single-serve packets of ketchup for every man, woman and child on the planet. For millions of families the world over, “if it isn’t Heinz, it isn’t ketchup“. Beyond ketchup, Heinz also markets an ever-expanding selection of other great tasting foods. Our core products include ketchup, sauces, meals, snacks, and infant/nutrition. In short, Heinz is committed to enriching your family’s eating experience, whether you’re at home, dining out, or “on the go“! A global food manufacturer, Heinz is the mother company of the ‘Dutcher-than-Dutch’ Honig, De Ruijter, Venz, Brinta, Roosvicee, Karvan Cévitam, and Wijko brands. Heinz and Holland are closer than you know: in Nijmegen, Elst, Utrecht and Zeist, some thousand workers are busy day-in, day-out producing the products that form the staples of the nation’s cupboards. Heinz at breakfast, lunch and supper. This is Heinz. Reference card Project name Heinz Brand Heinz Investor H. J. Heinz Company City of installation Elst Country of installation Netherland Commissioning date July 2015 Country of ACO sales organisation ACO Netherland Segment Food & Beverage Industry Subsegment Food & Beverage Industry - Others Project information Project description Installing product by GMB Products installed Product name ACO hygienic gully 157 telescopic, horizontal outlet ACO hygienic gully 157 gully top 200 x 200 ACO slot covers ACO silt baskets ACO foul air traps ACO slot channel 20 with corner unit.
    [Show full text]