What Does Heinz/Kraft Deal Mean for Dairy?
A Fortune magazine article suggests the purchase of Kraft Foods by Heinz, 3G and Warren Buffet could mean some rough times ahead for companies that supply Kraft.
When Heinz was taken over by 3G, suppliers were asked to reduce prices by 20%--or more. Also, Heinz owns Burger King. Kraft supplies McDonald’s. That could further upset the apple cart.