Minnesota-based food company Hormel Foods has completed its previously announced $3.35 billion acquisition of Kraft Heinz’ nuts business, which includes the Planters snacking portfolio. As per the terms of the deal signed in February 2021, Hormel Foods has acquired Planters, NUT-rition, Planters Cheez Balls and Corn Nuts brands, and three production facilities. Jim Snee – […]
Kraft Heinz has agreed to sell its nuts business to Hormel Foods for $3.35 billion in an all-cash deal. The deal includes most products sold by Kraft Heinz under the Planters brand. These include single variety and mixed nuts, trail mix, Cheez Balls, Nut-rition products, and Cheez Curls. Kraft Heinz is also selling the Corn […]
Hormel Foods has closed its previously announced $270 million acquisition of Sadler’s Smokehouse, a Texas-based pit-smoked meats supplier for foodservice and retail customers. Sadler’s Smokehouse is engaged in delivering premium pit-smoked whole muscle meats with custom injections, flavors, rubs, and spice blends. The company has been supplying its meat products to Hormel Foods for more […]