Oct 25 World's biggest fast-food chain seeks new
ketchup for its famous french fries.
McDonald's Corp on Friday said it plans to end its
40-year relationship with ketchup maker H.J. Heinz Co, since
that company is now led by Bernardo Hees, the former chief
executive of hamburger rival Burger King Worldwide Inc.
"As a result of recent management changes at Heinz, we have
decided to transition our business to other suppliers over
time," McDonald's said in a statement.
"We have spoken to Heinz and plan to work together to ensure
a smooth and orderly transition," said McDonald's, which has
more than 34,000 restaurants around the globe.
A spokesman for Heinz did not immediately respond to
requests for comment.
The switch will be more apparent overseas than in the United
States, since McDonald's only serves Heinz ketchup in two
domestic markets - Pittsburgh and Minneapolis, the Pittsburgh
Post-Gazette reported on Friday.
The move from McDonald's could benefit Heinz ketchup rivals
Hunt's, owned by ConAgra Foods Inc, and Del Monte.
Warren Buffett's Berkshire Hathaway and an investment fund
affiliated with 3G Capital bought Heinz for $28 billion in June
and immediately named Hees CEO.
Burger King went public in June 2012, less than two years
after it was taken private by 3G Capital Management LLC, which
retains a stake in the fast-food chain.