Four years ago, Buffett and 3G Capital partnered on a $28 billion takeover of Pittsburgh-based ketchup giant Heinz. Within two years 3G Capital partner Bernardo Hees, Heinz's CEO, oversaw a dramatic improvement in the ketchup-maker's profitability. In the fourth quarter, Kraft Heinz saw its operating income surge 22% year-over-year, despite a 3.7% decline in net sales and modest 1.6% increase in organic sales. Wall Street always expected Kraft Heinz, the 3G Capital and Warren Buffett deal-making machine, would chug onwards. Read More FORBES Coverage Of Consumer Products Dealmaking:Here's Why Kraft Heinz Is The Hottest Hedge Fund Industry StockBeer, Burgers, Ketchup: The Rise Of The Dealmaking EliteHow A Billionaire Family Is Building The Next Procter & GambleBill Ackman Skips Kraft Heinz, Targeting Cost Savings At Mondelez

Source: Forbes February 17, 2017 14:55 UTC