Berkshire Hathaway and 3G Capital have completed their acquisition of iconic ketchup producer H.J. Heinz (NYSE: HNZ). The investment consortium paid $72.50 in cash per share in a transaction valued at $28 billion, including the assumption of the company's debt. Based in Pittsburgh, Heinz specializes in the production of ketchup, sauces, meals, soups, snacks and infant nutrition. Concurrent with the closing, Bernardo Hees has assumed the role of chief executive officer. The acquisition was financed through a combination of cash provided by Berkshire and 3G Capital, rollover of existing debt and committed debt financing from J.P. Morgan and Wells Fargo.