Hormel Foods (HRL) Confirms Acquisition of 'Planters' Snack Nut Portfolio from Kraft Heinz (KHC) for $3.35B
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Kraft Heinz (KHC) to Sell Nuts Business to Hormel Foods (HRL) for $3.35B
February 11, 2021 7:07 AM ESTThe Kraft Heinz Company (NYSE: KHC) announced today that it has entered into a definitive agreement to sell its nuts business to Hormel Foods Corporation (NYSE: HRL) in a cash transaction for $3.35 billion. The proposed transaction is expected to close in the first half of 2021, subject to regulatory review and approval.
The transaction includes most products sold under the Planters brand, including single variety and mixed... More
