Kraft Heinz To Sell Planters Corn Nuts Brands To Hormel For 3 35 Billion
BW Businessworld Kraft Heinz To Sell Planters, Corn Nuts Brands To Hormel For $3.35 Billion Sales grew 6.2% to $6.94 billion in the three months ended Dec. 26, beating the average estimate of $6.82 billion Photo Credit : Kraft Heinz Co said on Thursday that it plans to sell its nuts business - including most Planters and Corn Nuts products - to Hormel Foods Corp for $3.35 billion, sending shares up 6%. The Chicago-based company has been trying to streamline its portfolio and focus on more accretive brands, having faced criticism for years about losing out to private label products because it...
Source: businessworld.in