McDonald`s drops Heinz Ketchup
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McDonald`s drops Heinz Ketchup

Last Updated: Saturday, October 26, 2013, 10:12
 
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McDonald's drops Heinz Ketchup
New York: McDonald`s said Friday it was dropping ketchup king Heinz as a supplier of the key hamburger condiment, citing management changes at Heinz that put the company closer to rival Burger King.

McDonald`s said it was ending a relationship of over 40 years as it axed Heinz from its supplier list.

"As a result of recent management changes at Heinz, we have decided to transition our business to other suppliers over time," it said.

In February US investment star Warren Buffett`s Berkshire Hathaway together with Brazil`s 3G Capital took over Heinz in a USD 28 billion deal.

That move brought Heinz closer to Burger King, which is controlled by 3G.

The change would not be a large blow to Heinz. McDonald`s said it only used Heinz ketchup in two US markets, Minneapolis and Pittsburgh, as well as some foreign markets.

McDonald`s said in a statement that it would work with Heinz "to ensure a smooth and orderly transition of the McDonald`s restaurant business."

The company said they "are confident that there will be no impact to our business, our customers and our great tasting food at McDonald`s."



AFP

First Published: Saturday, October 26, 2013, 10:12


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