Berkshire Hathaway, Heinz parent engineer big transaction NEW YORK — H.J. Heinz Co. is buying Kraft Foods, creating one of the largest food and beverage companies in the world with annual revenue in excess of $28 billion. That means the Kraft plant in Champaign -- one of the company's largest production facilities and a major Champaign employer, will have a much larger parent compny.with many more brands. read more