Last week Warren Buffett announced he would financially support 3G Capital to complete a merger between Burger King and Tim Horton’s. The announcement marks another major investment into a US-based food company. Buffett has his fingers in companies across the food sector, from distributors to fast food chains. Although all his investments aren’t public, some have been very high profile.
Last year the revered investor advised 3G capital on the acquisition of Heinz. In 2005 Buffett purchased a significant stake in Anheuser Busch. In 2008 Buffett’s company Berkshire Hathaway lent Mars Inc. $23B to purchase the Wrigley Company, and took a discounted stake in Wrigley’s for $2.1B. Berkshire also holds stock in Kraft ($11M), Mondelez ($20M) and Costco ($526M). The market generally reads Buffett’s investments as “votes of confidence” in those companies he selects; we all knew that Buffett hankers for big returns, but this recent deals brings a new meaning to the word “hungry”.
What will Buffett’s involvement in The King do to revenue growth? Vote here.