CBS Pittsburgh

PITTSBURGH (KDKA/AP) – H.J. Heinz Co. says it agreed to be acquired by Warren Buffett’s Berkshire Hathaway and 3G Capital in a deal valued at $23.3 billion.

It’s already being called the largest deal in the food industry.

The deal takes Heinz from a public company back to a private and guarantees that the headquarters remain in Pittsburgh.

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According to Heinz CEO, William Johnson, and Alex Behring, managing partner of 3G Capital, it’s too early to tell how jobs might be impacted.

However, they were optimistic that the move could mean more local jobs as the company strengthens its position globally.

“I don’t think from a Pittsburgh community standpoint there’s going to be anything you’ll notice different about the company. And I think the employees are both enthusiastic and frankly there’s a little angst about what this means for them, but I can tell you…

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Kenneth Carnesi holds a Juris Doctor degree from New York Law School and a Professional Certificate in International Banking from Harvard Law School. Kenneth Carnesi is the Director of Operations and Government Sales at Anaptyx LLC and sits on the Boards of The Lazarus Organization, Monkeetech LLC and MG Madison Phillips, Inc. Mr. Carnesi has also founded CICG - Carnesi International Consulting Group, a company specializing in strategy consulting to small to mid-size businesses.

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