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How HJ Heinz Turned His Bankrupt Horseradish Business Into A Billion Dollar Ketchup Conglomerate (HNZ)

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Heinz Ketchup

Earlier, today Warren Buffett's Berkshire Hathaway announced it and 3G Capital would acquire HJ Heinz Company in a transaction worth a whopping $28 billion.

HJ Heinz, the son of immigrant parents, built this this company from scratch.

After falling to bankruptcy, Heinz came back to rebuild a company that would eventually gross over $11 billion in sales per year.

Henry J. Heinz was one of eight children, born to parents who emigrated from Kallstadt, Germany to Pittsburgh, Pennsylvania.

Source: Princeton



When Heinz turned six, he began helping his mother with her garden (1850).

Source: Heinz



By age eight, Henry began selling goods to neighbors out of a basket he would carry around (1852).

Source: Heinz



See the rest of the story at Business Insider

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