McDonald’s ending relationship with Heinz

Associated Press ^ | Oct 25, 2013 5:38 PM EDT | Sarah Skidmore Sell

[Olog-hai]

McDonald’s has lost its taste for Heinz ketchup.

The fast-food giant said in a statement Friday that it is cutting ties with the condiment company after 40 years due to management changes there. A former Burger King CEO became head of Heinz in June after the company was bought by Warren Buffett’s Berkshire Hathaway and 3G Capital. 3G, a Brazilian investment firm, also controls Burger King.

The impact of the change may be tasted more overseas. In the U.S., McDonald’s uses Heinz products only in Pittsburgh and Minneapolis restaurants. …

[GailA]

been using store brand for decades, can’t tell the difference. Now mustard is another story you can tell the difference. But you can get around that, easy enough, still some good off brands that also cost half as much.

My boys when growing up thought Heinz the best, I bought 1 bottle, when gone washed it and filled it with the store brand they never knew nor complained, all they had to see was the bottle label and they thought they were getting name brand.

[Ditto]

This is darn stressful to the few holders of preferred stock options. Theresa Kerry is needing more white raisins for tonights’ carafe of gin and tonics.

Since the takeover this year, Heinz has no stockholders. It is privately held between 3G Capital a Brazilian holding company and Berkshire Hathaway (Warren Buffett's holding company).

To my knowledge, neither Theresa nor her late husband John Heinz had any significant stake in the company since John got into politics 50 years ago.

Theresa still manages the Heinz Endowments (no connection with the food company or the H.J. Heinz Co. Foundation).

Bottom line is that no matter what happens with Heinz foods, it has zero impact on Theresa Heinz Kerry. She has absolutely nothing to do with that company.