-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, KEz7KnM8DstRvw6Nsc+lpEJYc/QwGsahrUtp6b0cUkTqN6LWmNewyN9roCNVr/Rs QNJAzhJVTIC5tW/65psPXA== 0000950152-05-005254.txt : 20050620 0000950152-05-005254.hdr.sgml : 20050617 20050620114845 ACCESSION NUMBER: 0000950152-05-005254 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050620 ITEM INFORMATION: Other Events FILED AS OF DATE: 20050620 DATE AS OF CHANGE: 20050620 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HEINZ H J CO CENTRAL INDEX KEY: 0000046640 STANDARD INDUSTRIAL CLASSIFICATION: CANNED, FROZEN & PRESERVED FRUIT, VEG & FOOD SPECIALTIES [2030] IRS NUMBER: 250542520 STATE OF INCORPORATION: PA FISCAL YEAR END: 0430 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03385 FILM NUMBER: 05905071 BUSINESS ADDRESS: STREET 1: 600 GRANT ST CITY: PITTSBURGH STATE: PA ZIP: 15219 BUSINESS PHONE: 4124565700 MAIL ADDRESS: STREET 1: P O BOX 57 STREET 2: P O BOX 57 CITY: PITTSBURGH STATE: PA ZIP: 15230 8-K 1 j1449501e8vk.txt H.J. HEINZ COMPANY 8-K ============================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of Earliest Event Reported): June 20, 2005 H. J. HEINZ COMPANY (Exact name of registrant as specified in its charter) Pennsylvania 1-3385 25-0542520 (State of Incorporation) (Commission File Number) (I.R.S. Employer Identification No.) 600 Grant Street, Pittsburgh, 15219 Pennsylvania (Zip Code) (Address of principal executive offices) 412-456-5700 (Registrant's telephone number, including area code) Not Applicable (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ============================================================================= ITEM 8.01. OTHER EVENTS Attached is H.J. Heinz Company's press release dated June 20, 2005 furnished herewith as Exhibit 99. On June 18, 2005, H.J. Heinz Company entered into a Sale and Purchase Agreement with Danone Holdings (UK) to acquire its HP Foods table sauce business, including the HP(R) and Lea & Perrins(R) brands, and a perpetual license to market Amoy(R) Asian sauces and products in Europe, for approximately US $855 million. H.J. Heinz Company expects to fund the acquisition using a combination of cash and debt. INDEX TO EXHIBITS Exhibit Number (referenced to Item 601 of Regulation S-K Description of Exhibit - -------------- ---------------------- 99 H.J. Heinz Company Press Release dated June 20, 2005 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. H.J. HEINZ COMPANY By /s/ Arthur Winkleblack ---------------------------------- Arthur Winkleblack Executive Vice President and Chief Financial Officer Dated: June 20, 2005 Exhibit No. Description of Exhibit - ----------- ---------------------- 99 H.J. Heinz Company Press Release dated June 20, 2005 EX-99.1 2 j1449501exv99w1.txt EXHIBIT 99.1 EXHIBIT 99 NEWS RELEASE (HEINZ LOGO) WORLD HEADQUARTERS "THE GOOD FOOD COMPANY" FOR RELEASE UPON RECEIPT HEINZ TO EXPAND ITS GLOBAL CONDIMENTS & SAUCES BUSINESS; ACQUIRES LEADING CULINARY SAUCE BRANDS, HP(R) AND LEA & PERRINS(R), AND LICENSE FOR AMOY(R) ASIAN SAUCES IN EUROPE; HEINZ TO BECOME U.K.'S LEADING SAUCE COMPANY PITTSBURGH, PA, JUNE 20, 2005 - H.J. Heinz Company (NYSE:HNZ) today announced that it has signed a definitive agreement with Groupe Danone S.A. to acquire a number of leading culinary sauce brands for Pound Sterling 470 million (approximately US$855 million) in cash. The transaction includes the HP(R) and Lea & Perrins(R) brands and a perpetual license to market Amoy(R) Asian sauces and products in Europe. These brands, marketed primarily in the U.K., United States and Canada, have approximately $300 million in worldwide annual sales. This acquisition will strengthen Heinz's global condiments & sauces business and make it the sauces leader in the U.K. Heinz Chairman, President and Chief Executive Officer William R. Johnson said: "The acquisition of these brands is consistent with our strategy to drive growth in our profitable and expanding core condiments and sauces category. We will add two of the world's best-known sauce names, HP(R) and Lea & Perrins(R), to our global basket of iconic condiments & sauce brands, such as Heinz(R), ABC(R), Classico(R) and Wattie's(R). Heinz also will gain a perpetual license to sell the rapidly growing Amoy(R) brand of Asian sauces throughout Europe." "This acquisition underscores our commitment to become a faster-growing, more focused company. It also is in line with our strategy of growth in our four core businesses of ketchup, condiments & sauces; meals & snacks; infant nutrition; and foodservice. We have identified H.J. Heinz Company, P.O. Box 57, Pittsburgh 15230-0057 2 many opportunities to expand sales of the HP(R), Lea & Perrins(R) and Amoy(R) brands. Once concluded, we expect the acquisition to be accretive in the first full fiscal year," Mr. Johnson added. The acquisition is expected to close during the next few months, pending all regulatory approvals. Heinz was advised by UBS LLC and Clifford Chance LLP. HP(R) AND LEA & PERRINS(R) BRANDS The Lea & Perrins(R) brand is the world's number-one Worcestershire Sauce and the market leader in the United States, Canada and the U.K. The HP(R) brand of savory sauce is a leader in both Canada and the U.K. Both brands are exported worldwide to more than 75 countries and sold through retail and foodservice channels alike. Along with Heinz(R) Ketchup, HP(R) and Lea & Perrins(R) sauces sit proudly atop tables and counters in restaurants worldwide. The HP(R) name (which stands for Houses of Parliament) has long been Britain's number-one savory table sauce. Lea & Perrins(R) is truly an historic global brand. The famous Worcestershire Sauce has literally traversed the globe since 1837 when it was served on the tables of ocean liners that traveled in and out of British waters. Today, the Lea & Perrins(R) and HP(R) brand sauces maintain their acclaim and are regularly featured as essential ingredients in contemporary recipes created by celebrity chefs and restaurateurs. 3 AMOY(R) SAUCE The Amoy(R) brand of Asian varieties is popular in more than 40 countries. The line, which was first created in China in 1908, continues to expand and includes ever-popular soy and stir-fry sauces and noodles. HEINZ GLOBAL REVIEW On May 26, Heinz announced a strategic review of its European portfolio and global structure. The review places emphasis on Heinz's four core businesses and on its big number-one and number-two brands. Heinz intends to focus on its large markets and its four primary developing markets of Russia, Indonesia, China and India. Heinz also announced its intention to divest non-core products, such as the HAK(R) line of prepared vegetables in Northern Europe, and that it is undertaking an evaluation of its non-core seafood and frozen businesses in Europe and the Tegel(R) poultry business in New Zealand. HP FOODS FACILITIES HP Foods employs approximately 450 workers at three factories. Two are located in the U.K. at Aston Cross, Birmingham; and Worcester, Worcestershire. The North American production facility is in Fair Lawn, New Jersey. Amoy(R) is a trademark of Danone Asia PTE Ltd, used under license by HP Foods Ltd. ## SAFE HARBOR PROVISIONS FOR FORWARD-LOOKING STATEMENTS: 4 This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect management's view of future events and financial performance. These statements are subject to risks, uncertainties, assumptions and other important factors, many of which may be beyond Heinz's control and could cause actual results to differ materially from those expressed or implied in these forward-looking statements. Uncertainties contained in such statements include, but are not limited to, sales, earnings, and volume growth, general economic, political, and industry conditions, competitive conditions, which affect, among other things, customer preferences and the pricing of products, production, energy and raw material costs, the need for product recalls, the ability to maintain favorable supplier relationships, achieving cost savings and gross margins objectives, currency valuations and interest rate fluctuations, the ability to execute and the success of acquisitions, joint ventures, divestitures and other strategic initiatives, new product and packaging innovations, product mix, the effectiveness of advertising, marketing, and promotional programs, supply chain efficiency and cash flow initiatives, risks inherent in litigation and international operations, particularly the performance of business in hyperinflationary environments, changes in estimates in critical accounting judgments and other laws and regulations, including tax laws, the success of tax-planning strategies, the possibility of increased pension expense and contributions and other people-related costs, the possibility of an impairment in Heinz's investments, and other factors described in "Cautionary Statement Relevant to Forward-Looking Information" in the Company's Form 10-K for the fiscal year ended April 27, 2005. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by the securities laws. # # ABOUT HEINZ: H.J. Heinz Company, offering "Good Food, Every Day(TM)," is one of the world's leading marketers and producers of branded foods in ketchup, condiments, sauces, meals, soups, seafood, snacks, and infant foods. Heinz satisfies hungry consumers in every outlet, from supermarkets to restaurants to convenience stores and kiosks. Heinz is a global family of leading brands, including Heinz(R) Ketchup, sauces, soups, beans, pasta and infant foods (representing nearly one-third of total sales or close to $3 billion), Ore-Ida(R) french fries and roasted potatoes, Boston Market(R) and SmartOnes(R) meals, and Plasmon(R) baby food. Heinz's 50 companies have number-one or number-two brands in 200 countries, showcased by Heinz(R) Ketchup, The World's Favorite Ketchup(TM). Information on Heinz is available at www.heinz.com/news. # # # CONTACT: Media: Ted Smyth, 412-456-5780; Debbie Foster, 412-456-5778; Media in Europe: Michael Mullen, 44-208-848-2403. OR Investors: Jack Runkel, 412-456-6034. -----END PRIVACY-ENHANCED MESSAGE-----