3G capital, the owner of H.J. Heinz Co., and partnered with Berkshire Hathaway, is supposedly looking to find its next food related acquisition.
According the Wall Street Journal, 3G Capital has raised $5 billion and said it is considering purchasing another food or beverage maker that could help grow Heinz, based out of Pittsburgh. The previous strategy included shuttering factories and more layoffs in order to lower costs. The Wall Street Journal also believes that 3G Capital is going to enlist Berkshire Hathaway’s aid in this endeavor. Warren Buffett, the Oracle of Omaha and world-famous CEO of Berkshire Hathaway, said he has no problem doing another deal with 3G Capital.