H.J. Heinz

Leading maker of ketchup and prepared foods.

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Headquarters:
600 Grant St.
Pittsburgh, PA 15219
Employees: 41,000
CEO: William Johnson
Stock Symbol: HNZ

Website: http://www.heinz.com

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H.J. Heinz is a global U.S.-based food company with leading brands in more than 200 countries and is best known for its tomato ketchup used on hamburgers and hot dogs.

Heinz is one of the world's leading marketers and producers of branded foods in ketchup, condiments, sauces, meals, soups, seafood, snacks, and infant foods. Heinz satisfies hungry consumers in every outlet, from supermarkets to restaurants to convenience stores and kiosks.

The company has over 110 major locations worldwide, with leading brands on six continents. Heinz brand names - such as Ore-Ida, Smart Ones, Bagel Bites, Plasmon, Wattie's, San Marco, Farley's, Bio Dieterba, Petit Navire, Greenseas, Classico, Wyler's, UFC, Orlando, ABC, Honig, DeRuijter, Olivine and Pudliski - appear on thousands of different products worldwide. Heinz also uses the famous names Weight Watchers, Boston Market, T.G.I. Friday's, Jack Daniel's and Linda McCartney under license.

In fiscal 2005, the company reported revenues of $8.9 billion and net income of $752.6 million.

Heinz announced cost-cutting measures that will result in the closing of 15 plants and the loss of 2,700 jobs over the next year or 8% of the company's workforce.

The company plans to introduce 100 new products over the next year. Heinz plans to devote its energy and resources primarily to its six developed markets of the U.S., Canada, U.K., Italy, Western Europe and Australia/New Zealand and five emerging markets. The developed markets account for half of the $1.5 trillion global packaged food market and generate more than 85 percent of Heinz's sales and approximately 95 percent of economic profit.

Heinz's fast-growing emerging markets are Russia, India, China, Indonesia and Poland.

History

1869 - Henry J. Heinz and L. Clarence Noble launch Heinz & Noble. The first product is Henry's mother's "pure and superior" grated horseradish, bottled in clear glass to show its purity.
1876 - Ketchup is added to the company's condiment line, which also includes celery sauce, pickled cucumbers, sauerkraut and vinegar.
1893 - Heinz introduces the pickle pin at the Chicago World's Fair, known as The Columbian Exposition. It becomes one of the most popular promotional pieces in the history of American business.
1896 - Henry Heinz turns more than 60 products into "57 Varieties." The magic number becomes world-renowned and now is virtually synonymous with the H.J. Heinz Company.
1931 - Howard Heinz, Henry's son, fights the Great Depression by adding two new lines: ready-to-serve 'quality' soups and baby foods. They become top sellers.
1946 - H.J. "Jack" Heinz II, grandson of the Founder, takes the company public, and launches post-war operations in Holland, Venezuela, Japan and Italy.
1963 - Heinz acquires StarKist and "Charlie the Tuna" becomes a national media star.
1965 - Heinz acquires Ore-Ida and transforms a regional business into the leading retail frozen potato brand in the U.S.
1978 - Heinz acquires Weight Watchers International, now the largest weight-loss program in the U.S.
2002 - Heinz sells U.S. StarKist seafood, North American pet foods and pet snacks, U.S. private label soup, College Inn broth, and U.S. baby food businesses to Del Monte Foods Company in an all-stock transaction.

Updated June 3, 2006

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