The co-owner of Heinz, Brazilian investment firm 3G Capital, is reportedly weighing up the acquisition of another major food company.
According to a report in The Wall Street Journal, citing people familiar with the matter, executives at 3G is discussing the possibility of buying a food or beverage firm such as Campbell Soup Co. or PepsiCo.
Go deeper with GlobalData
A spokesperson for Campbell refused to comment on the matter adding: "We don't comment on rumour and speculation." Similarly, PepsiCo declined to comment.
No one at 3G was available to comment when approached by just-food. In February 2013, 3G, alongside Warren Buffett's Berkshire Hathaway investment fund, acquired Heinz for US$28m, the biggest takeover in food industry history.
Pre-market shares in Campbell were up 1.73% to US$43.04 per share and in PepsiCo, were up 2.07% to US$94.95 per share.
Click here for our M&A Watch column in which Stefan Kirk discusses which food companies could be on 3G's radar.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
