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TORONTO — A merger between H.J. Heinz Co. and Kraft Foods is expected to generate about $1.5 billion in cost savings, but the companies say it’s too early to say whether they will shutter any of their Canadian operations.

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Shares of Kraft Foods Group Inc. soared after 3G Capital agreed to acquire the consumer food and beverage company and merge it with recently acquired H.J. Heinz Co. with the help of Berkshire Hathaway Inc. But it’s not the only name in the space that may benefit.

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“We’ll be looking at all of our operations over the coming months, but for now it’s business as usual,” Michael Mullen, senior vice-president of corporate and government affairs at Heinz, told reporters during a conference call after the deal was announced Wednesday.

The cost savings are expected by the end of 2017.

“Every time you put two major public companies together, there are natural synergies and efficiency opportunities associated with that,” said Alex Behring, Heinz chairman managing partner at 3G Capital.