H.J. Heinz Co., Pittsburgh, announced that it will be on the look out for acquisitions when the global economy reaches a more stable state, according to a recent report.
The Associated Press reported that Heinz Chief Financial Officer Art Winkleblack told investors at
a Wachovia-hosted conference, "[In] the last few months the pipeline of
acquisitions has risen to unprecedented levels. The pool of potential
acquisition targets is as deep as we've seen in recent history."
Recent Heinz acquisitions for included two European companies and a deal in the works with Australia's Golden Circle.
Heinz eyes acquisitions
October 16, 2008