Hj Heinz Company Term Paper

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Heinz Company Born in Sharpsburg, Pennsylvania (just north of Pittsburgh) in 1844, Henry John Heinz was selling surplus foodstuffs from his mother's garden at the age of 8, and by the time he turned 12 he was working his own 31/2-acre plot of land. Although Heinz was a bricklayer by profession (starting out in his father's brickyard and then moving on to operate his own brick factory), he was also a local purveyor of bottled horseradish. The pungent spice was valued both as an appetite-sharpening condiment and for its medicinal qualities, but it was available only in root form, and its preparation required tedious and time-consuming grinding in the kitchen. Anticipating the nascent processed food market, Heinz went door-to-door peddling ready-to-use horseradish, packaged in clear glass bottles to demonstrate its lack of fillers and impurities.

H.J. Heinz Company, commonly known as just Heinz, famous for its "57 Varieties" slogan, was founded in 1869 by Henry John Heinz in Sharpsburg, Pennsylvania. Heinz, then 25 years old, began by delivering processed condiments to local grocers by horse-drawn wagon. The company's first product was horseradish, followed by pickles, sauerkraut, and vinegar. The company was initially named the Anchor Pickle and Vinegar Works, and was run by Heinz and partner L.C. Noble. The name changed to Heinz, Noble & Company in 1872 when E.J. Noble joined on and the company relocated to nearby Pittsburgh. After a banking panic forced him into bankruptcy in 1875, Heinz restarted his business with the help of his brother John and his cousin Frederick, and in and the following year they introduced what would become its most well-known product: tomato ketchup.

In 1869 Heinz opted to forego the brick trade in favor of concentrating exclusively on the food business, expanding the...

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Noble. The company grew very rapidly, moving to Pittsburgh and becoming Heinz, Noble & Company in 1872 when E.J. Noble joined the fold, and opening branch distribution houses in St. Louis and Chicago. After this promising beginning, however, a combination of financial problems brought about by the Panic of 1873 and a price-depressing surplus of agricultural products drove the firm into bankruptcy by 1875.
With financial assistance from his brother, John, and his cousin, Frederick, Henry Heinz was back in business as F. & J. Heinz in 1876, the landmark year in which they introduced the product now most famously associated with Heinz: tomato ketchup. The Heinz product line continued to expand, adding products such as apple butter, pepper sauce, and mince meat, and in 1890 H.J. Heinz (as the company was known after Heinz acquired controlling interest from his brother in 1888) opened a plant in Allegheny City (now Pittsburgh's North Side). In one of the greatest advertising coups in history, Heinz attracted a flood of visitors to the Heinz Company Exhibit at the 1893 World's Columbia Exposition in Chicago by distributing cards promising attendees who stopped by a free souvenir: a 11/4-inch pickle-shaped watch charm emblazoned with the name "Heinz."

But greater things were yet to come. It was in 1896 that Henry Heinz came up with one of the most recognized slogans in advertising history: "57 Varieties." This catch phrase had nothing to do with the actual number of varieties produced by H.J. Heinz, though, which by then totaled over 60, including plum pudding, strawberry preserve, India relish, olive oil, spaghetti, euchred pickle, currant jelly, chili sauce, peanut butter,…

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By 1972, sales had reached the billion-dollar mark. In 2001 Heinz paid $57 million to have the new home of the Pittsburgh Steelers football team dubbed Heinz Field. Today, Heinz sells more than 1,300 products worldwide ranging from ketchup to baby food and canned seafood.

CEO Bill Johnson took the helm in 1998, and the Heinz veteran immediately began implementing numerous changes in order to turn the bloated, poorly disciplined conglomerate around. It has taken some time to get the company moving in the right direction, but Johnson, and the managerial resources he has brought on board, seems to be working. He has adopted a low-risk strategy of growth in the four core businesses of ketchup, condiments and sauces; meals and snacks; infant nutrition; and foodservice. It is part of their commitment to become a faster-growing, more focused company.

Heinz is a global marketing-oriented, U.S.-based food powerhouse, with a world-class portfolio of powerful brands holding number-one and number-two market positions in more than 50 countries. The Heinz brand is a $2.5 billion global icon and Heinz's top-15 power brands account for two-thirds of annual sales. Heinz is a leader in ketchup, condiments and sauces, selling worldwide in 140 counties. Heinz's line up of "meal enhancers" are number-one and it offers an expansive range of tomato


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