date:Feb 26, 2013
Sanquan Food, a Chinese frozen food giant, has signed anagreement with Country Ford and Heinz (China) to wholly purchaseLong Feng Food, a subsidiary of Heinz, which has itself beenacquired by Warren Buffett's Berkshire Hathaway and Brazil's 3GCapital.
The deal is expected to be completed in about four months, butthe purchasing price hasn't been disclosed yet. Heinz has triedlong and hard to expand into China through mergers andacquisitions with a focus on infant foods and sauces as well asfroze