Buffett Move Shows Currency Dip Won’t Fix Canadian Plants
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Derek Friesen thought he would be following in his father’s footsteps when he became the third generation of his family to work at H.J. Heinz Co.’s tomato processing plant in his hometown of Leamington, Ontario.
That plan ended six months into his job, when Warren Buffett’s Berkshire Hathaway Inc. and 3G Capital Inc., the ketchup maker’s new owners, announced in November the 105-year-old plant would close.