You can now read 10 articles each month for free on BostonGlobe.com.

The Boston Globe

Business

Buffett joins $23b deal for Heinz

Sale, biggest ever for industry, reflects Berkshire’s ambition

NEW YORK — Billionaire Warren Buffett is dipping into the ketchup business as part of a $23.3 billion deal to buy H.J. Heinz Co., uniting a legend of American investing with a mainstay on grocery store shelves.

It’s the largest deal to date in the food industry and is intended to help Heinz accelerate its transformation into a global business. The company, based in Pittsburgh, also makes Classico pasta sauces, Ore-Ida potatoes, and Smart Ones frozen meals.

Loading comments...

You have reached the limit of 10 free articles a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than $1 a week