Page 16 - Corn Nuts News Today

The acquisition is by far the largest by Hormel Foods. 3:00 pm, Feb. 11, 2021 × AUSTIN -- Austin-based Hormel Food Corp. has scooped up the Planters business from Kraft Heinz Co. for $3.35 billion in cash. Hormel and Chicago-based Kraft announced the deal early Thursday, making it the largest acquisition by Hormel, which expands its business line to include peanuts as well as Cheez Balls, Corn Nuts and NUT-Triton brands. The Planters business in those areas had 2020 sales of about $...

Under the agreement, Kraft Heinz will sell its Planters production facilities in Suffolk to Hormel.

The business, which includes most Planters products and the Corn Nuts brand, contributed about $1.1 billion to Kraft Heinzs 2020 sales.

WASHINGTON (dpa-AFX) - Kraft Heinz Co. (KHZ) announced Thursday that it has agreed to sell its Planters snack nut portfolio to Hormel Foods Corp. (HRL) in a cash transaction of $3.35 billion.

Minnesota-based Hormel to acquire Planters February 11, 2021 The deal include brands such as Planters, NUT-rition, Corn Nuts, Skippy and Wholly Guacamole. The sale is expected to close later this year and is subject to regulatory approval.

Kraft Heinz has agreed to sell its legacy nuts business, Planters, to Minnesota-based Hormel Foods for $3.35 billion.

Hormel Foods is going nuts.The Austin, Minnesota-based company, known for its meat brands like Spam and Applegate, said Thursday it is buying the Plante...

Hormel Foods is purchasing Kraft Heinz's nuts business, which contributed about $1.1 billion to net sales in 2020.

It's the biggest deal Hormel has ever made and will add more than $1 billion

Jobless claims worse than expected as pandemic-related filings surge (SPY +0.2%). DOW records new historic high then slips to the unchanged line. Here is the current market situation from CNN Money North and South American markets are mixed today. The Bovespa is up 1.09% while the S&P 500 gains 0.18%. The IPC is off 0.46%. What Is Moving the Markets Here are the headlines moving the markets. IEA: OPEC+ To Further Ease Cuts Amid Quickly Drawing Oil Stocks While the oil market rebalancing look...