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US PROCESSED FOOD giants Kraft and Heinz are planning a merger which will create the fifth-largest food and drink company in the world.
The combined firm, imaginatively titled the Kraft Heinz Company, will have an annual turnover of about $28 billion after the deal brokered by billionaire investor Warren Buffett’s Berkshire Hathaway and a Brazilian company.
Both food companies have histories in the US stretching back over a century, but the merger comes as many producers struggle to keep up with customers’ tastes as the public appetite shifts away from junk food to healthier products.
In its home country, Kraft is known for making products like Macaroni & Cheese, Jell-O and Velveeta processed cheese.
Heinz is best-recognised for its famous tomato ketchup, one of the world’s highest-selling condiments, as well as its baked beans and baby foods.
Here’s how all those brands look together:
‘Pretty enduring’ tastes
Buffett, whose company has been investing in both firms for a while, said the tastes the companies appealed to were “pretty enduring”.
He told CNBC there was scope to expand company’s sales outside the US and Canada.
Kraft spun off its global snacks business into Mondelez International in 2012 to focus on the US grocery market, with the new company taking brands like Cadbury, Trident gum and Oreo biscuits with it.
Modelez, which recently announced it was cutting back its factory operations in Ireland, also supplies products like Kraft Philadelphia cream cheese in Europe.
Kraft shareholders will get a special windfall payment worth about $10 billion in return for taking a minority 49% stake in the combined company.
The merger announcement has already sparked fears of widespread job cuts in the US after the companies said they expected “synergies” worth up to $1.5 billion a year in annual savings from the deal.
The two companies currently employ nearly 29,000 people in North America.
- With AP
“Source: The Journal”
Seriously.
Does the ministry for Irish not speak Irish either, wtf
yet again we see one rule for tds and another for the rest of us. what employer would offer me a job if my cv stated I’d no knowledge of an essential part of the position. do you think the employer would take me on and then pay for me to gain knowledge in the subject. it’s just bonkers. they won’t apply the same rights for everyone else and only last week it’s transpires that a private company has offered to pay for a teacher in the aran islands, no funding for the kids one on one there courtesy of the govt, no that only applies to the pampered few in leinster house.
Hope he’s a quick learner because they don’t have a lot of time left in office.
Poor Joe doesn’t realise Montreal and Nova Scotia are in Canada, good lad!
On the continent of North America….containing Americans… Shocker!!!
For those of you who are perhaps not too happy with Joe McHugh, in particular with his recent decision to stop the vital aeroplane service to The Aran Islands, celebrated Ghaelacht Islands, sign this petition now. If Joe McHugh really cared for the Ghaeltacht, he would’t be getting rid of such a necessary service.
Petition here: https://www.change.org/p/joe-mchugh-enda-kenny-save-the-aran-islands-aeroplane-service/
It’s getting replaced by a helicopter service. Is that not worth mentioning or do we just have to get in a rage about everything?
Helis can operate in rougher weather and the winning bid came in €300,000 lower than the encumbent what’s the problem?
it’s change. they just don’t like change for the sake of it, even though the company operating them are also from Galway and have to provide the same service for the same price to islanders.
Not like the Eircode tender where the winner gave the third placed a juicy contract in UK 2 years after they mysteriously withdrew. And winner will give €23.6 million of the €27 million tender to second place An Post. And even though Loc8 code offered a perfect post code for free…could a tender be any more corrupt?
He was fluent in bull shit long before he was handed his cushy number. Seems to be a prerequisite for being a FG TD though.
The question about being taught by a non native teacher was a bit odd seeing that the vast majority of school kids in Ireland are taught Irish, French, German etc by non native speaker teachers. In fact worldwide more than 80% of language teachers are not native speakers.
Is this lad a mature student or an intern? Seems like an expensive education at our expense. Btw the ersi report shows an increase of 18% in attitude, that’s not the small figure Enda was referring to, would someone ask some pertinent questions please.
A documentary on radio 1 showed how bad mc hugh is at irish, you don’t pick it up in a year. He only lives a few miles from the gaeltacht too.
Good for him. I applaud him learning and showing by example it can easily be done with hard work and determination besides moaning about him not been born into an Irish speaking family.
You learn Irish at school, or you would do if there was any competence around the subject. Handing out the portfolio like a treat has it this way, this lad seems to be on a personal journey, he’s a bloody Minister.
No comment.
another parasite.
“Minister Qualifies”
An educational achievement for Enda the Educator, pyrrhic for Enda the Taoiseach.
Tir gan teanga ……..
Tir gan eolas!
…agus tír gon anam. :(
I’d be surprise if Joe keeps his seat at next election. Donegal is going from 6 seats (2 x 3 seat constuitency) to a 5 seater (with chunk of South Donegal going into new “Sligo–Leitrim” constituency.
The fact that he was given job in first place was probably to rise his profile come the election, same can be said for Heather Humphries whose seat is also probably marginal.
Who gives a f**k, really.. This is not news
Perhaps he could visit the Aran Islands. He mightn’t learn many beannachtaí but would definitely get invaluable experience of mallachtaí, given his ridiculous decision to stop the Air Aran service. As they say McHugh Níl son tóin tinn mar do thóin tinn féin.
*aon*
Bye bye Joe
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