Hormel Foods Announces Closing of Acquisition of Planters Snacking Business
Hormel Foods Corporation announced the closing of its acquisition of the Planters® snacking portfolio from the Kraft Heinz Company.
The acquisition includes the Planters®, NUT-rition®, Planters® Cheez Balls and Corn Nuts®brands, as well as three production facilities.
"This is an important day for Hormel Foods as we close the largest acquisition in our company's history. As a global branded food company, we have been making a purposeful and strategic shift in our portfolio of brands and products, which includes enhancing our snacking offerings. The Planters® snacking business is...
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