HOLLAND, Mich. (WZZM) - A longtime employer in Holland is changing hands.
The H.J. Heinz company announced Thursday that it is being bought by 3G Capital and Berkshire Hathaway for $23 billion. Berkshire Hathaway is owned by billionaire investor Warren Buffet.
Heinz owns a pickle production line in Holland, which at one point, employed 500 people. It's unclear how the deal will affect the facility.
"While our ownership will change, the great Heinz brand name will remain along with the people and product consumers around the world have come to trust and love," says William R. Johnson, President & CEO of Heinz. "This company's never been stronger. Now that doesn't mean there won't be changes going forward, but I think ultimately this will be a platform for really doing bigger and better things in this industry."
Heinz will keep its headquarters in Pittsburgh. If approved by investors, the deal should close by fall 2013.