Hormel Foods has entered into a definitive agreement with Kraft Heinz to acquire the Planters snack nut portfolio, including the Planters, NUT-rition, Planters Cheez Balls, and Corn Nuts brands, for $3.35 billion. The transaction is expected to close in the second quarter of this year, subject to regulatory review and approval.
Hormel Foods Buys Planters
The company’s addition of the strategic leading brand continues its evolution as a global branded food business.
Feb 10th, 2021