McDonald's Drops Heinz Ketchup

McDonald's Drops Heinz Ketchup

McDonald's has lost its taste for Heinz ketchup.
McDonald's has lost its taste for Heinz ketchup.

The fast-food giant said in a statement Friday that it is cutting ties with the condiment company after 40 years due to management changes there. A former Burger King CEO became head of Heinz in June after the company was bought by Warren Buffett's Berkshire Hathaway and 3G Capital. 3G, a Brazilian investment firm, also controls Burger King.

The impact of the change may be tasted more overseas. In the U.S., McDonald's uses Heinz products only in Pittsburgh and Minneapolis restaurants.

"As a result of recent management changes at Heinz, we have decided to transition our business to other suppliers over time," McDonald's Corp. said in a statement. The Oak Brook, Ill.-based restaurant chain did not disclose the value of their business relationship.

Heinz said that it does not comment on relationships with customers as a policy.

Read more: http://www.foxnews.com/leisure/2013/10/26/mcdonald-drops-heinz-ketchup/
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