Famed billionaire to buy ketchup giant

[mikezismike]

NEW YORK (AP) -- Billionaire Warren Buffett, the most closely watched investor in America, is putting his money in ketchup, agreeing Thursday to buy H.J. Heinz Co. for $23.3 billion in the richest deal ever in the food industry.

For his money, the Oracle of Omaha gets one of the nation's oldest and most familiar brands, one that's in refrigerators and kitchen cupboards all over the U.S.

The deal is intended to help Heinz accelerate its expansion from a dominant American name into a presence on grocery shelves worldwide.

The Pittsburgh-based company also makes baked beans, pickles, vinegar, Classico pasta sauces and Ore-Ida potatoes, as well as a growing stable of sauces suited to regional tastes around the world.

READ MORE: http://ph.news.yahoo.com/buffett-puts-money-ketchup-buys-234943871.html

 

[Xplosives]

Can`t have a buffet without ketchup.

 

[gopackgo555]

I always thought Heinz was German......lol

 

[Captain Davis]

Heinz could no longer cut the mustard.

 

[Det Kimble]

Heinz could no longer cut the mustard.

I'm sure he's relishing in his victory here. I'm surprised someone was able to ketchup with such a busy individual like Buffett. He's a man whose plate is always full. Anyways, mayo have a great night/morning.

 

[Dungrove Elder**]

guys a genius, ketchup will always be needed

 

[bicpup269]

It's like someone wrote an article using madlibs.

 

[Xplosives]

I always thought Heinz was German......lol

Most likely started by a German descent American.

 

[Hurricane Brad]

guys a genius, ketchup will always be needed

Yup I'd say it's a pretty safe investment. I don't see ketchup losing any popularity in the future, at least in North America. No idea how popular it is elsewhere.

 

[Lost]

I'm sure he's relishing in his victory here. I'm surprised someone was able to ketchup with such a busy individual like Buffett. He's a man whose plate is always full. Anyways, mayo have a great night/morning.

:icon_chee

This is why I sherdog.

 

[Lost]

It's like someone wrote an article using madlibs.

:icon_lol:

damn you make a good point, I'm actually laughing while typing this.

 

[iNoScopedJFK]

i hate ketchup.

 

[mikezismike]

i love ketchup and the best ketchup brand for me is del monte =)

 

[TheFirstEMP]

I'm sure he's relishing in his victory here. I'm surprised someone was able to ketchup with such a busy individual like Buffett. He's a man whose plate is always full. Anyways, mayo have a great night/morning.

That AV is what nightmares are made of.

 

[TheFirstEMP]

i hate ketchup.

I'm a catsup man myself.

 

[AncientEnemy]

Tomatoes. Heh

 

[RickNash]

 

[White Mongoose]

What's the point of this? The man have more than enough to last few generations. Yet he need more money?

 

[Heisenberg]

He should have bought Tapatio for half a mill instead.

 

[Henry Huggins]

What's the point of this? The man have more than enough to last few generations. Yet he need more money?

mindset is one of the reasons you're not a billionaire