Pittsburgh based Heinz is buying Kraft Foods which will create one of the largest food and beverage companies in the world with an annual revenue in excess of $28 billion. It will be come to be known as The Kraft Heinz Co. The company will own Kraft, Heinz, Oscar Mayer, Ore-Ida and other brands. It will maintain headquarters in Pittsburgh, where Heinz is based, and also in the Chicago area, where Kraft resides.
If approved by federal regulators and shareholders of Kraft Foods Group it is expected to close in the second half 2015.
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