Heinz sells canned seafood brands

February 21: Three leading European brands of canned seafood have been sold by Heinz to London-based Lehman Brothers Merchant Banking for 425 million euros (US$566m).

The deal, which is subject to EU competition review and approval, follows Heinz putting the John West, Petit Navire and Mareblu brands on the market last year as part of a strategy to concentrate on ketchup, sauces, baby food and meal and snacks in Europe.