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HNZ > SEC Filings for HNZ > Form 8-K on 17-Sep-2009All Recent SEC Filings

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Form 8-K for HEINZ H J CO


17-Sep-2009

Other Events


ITEM 8.01. OTHER INFORMATION

On September 16, 2009, H. J. Heinz Company ("the Company") completed the sale of its Kabobs frozen hors d'oeuvres business within the U.S. Foodservice segment. The Kabobs business had annual sales of approximately $17 million in Fiscal Year 2009. The disposal transaction included one factory in Lake City, Georgia. As a result of this transaction, the Company will recognize a pretax loss of approximately $15 million ($10 million after-tax), which will be recorded in discontinued operations. The sale is not expected to significantly affect the Company's profit on a continuing operations basis going forward.

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