H.J. Heinz Company, of Heinz Ketchup fame, has agreed to buy Groupe Danone, which makes HP and Lea & Perrins sauces. The deal is for about $855 million in cash. "We will add two of the world's best-known sauce names, HP and Lea & Perrins, to our global basket of iconic condiments & sauce brands, such as Heinz, ABC, Classico and Wattie's," said Heinz Chairman, President and CEO William R. Johnson.
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