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Heinz

Heinz

Head office: USA

H. J. Heinz Company, incorporated on July 27, 1900, and its subsidiaries manufacture and market a line of processed food products throughout the world. The Company's principal products include ketchup, condiments and sauces, frozen food, soups, beans and pasta meals, infant food and other processed food products. The Company's products are manufactured and packaged to provide safe, wholesome foods for consumers, as well as foodservice and institutional customers. Many products are prepared from recipes developed in the Company's research laboratories and experimental kitchens. Ingredients are selected, washed, trimmed, inspected and passed on to factory kitchens where they are processed, after which the intermediate product is filled automatically into containers of glass, metal, plastic, paper or fiberboard, which are then sealed. Products are processed by sterilization, homogenization, chilling, freezing, pickling, drying, freeze drying, baking or extruding, then labeled and cased for market.

During the fiscal year ended May 3, 2006 (fiscal 2006), the Company completed the sale of the European seafood business, which included the brands of John West, Petit Navire, Marie Elisabeth and Mareblu. During the fiscal year ended May 2, 2007 (fiscal 2007, the Company acquired RenTe's Gourmet Foods, a Canadian manufacturer of chilled salad dressings, sauces, dips, marinades and mayonnaise. during fiscal 2007, the Company acquired the interest in its Petrosoyuz joint venture. In March 2006, the Company acquired Kabobs, Inc., which produces hors d'oeuvres in the United States.

In 2007 the company reached the net sales of US $ 9 (EUR 6.8) billion.

Net Profit Margin  (ttm)  8.78%
 
Operating Margin (ttm)  16.16%

Website: www.heinz.com

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