Kraft Heinz Co. selling Planters to Spam maker | Business
Hormel Foods of Austin, Minnesota, known for its meat brands such as Spam and Applegate, said Thursday it is buying the Planters nut business from Kra ...
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Hormel Foods of Austin, Minnesota, known for its meat brands such as Spam and Applegate, said Thursday it is buying the Planters nut business from Kra ...
Kraft Heinz is passing on its nut business to packaged food peer Hormel Foods Corp for $3.35bn in cash.
The deal with Hormel Foods stands to benefit both companies
The deal, which is expected to close in the first half of 2021, includes global intellectual property rights to brands including Planters and Corn Nuts
Kraft Heinz Co said on Thursday it was selling its nut business to packaged food peer Hormel Foods Corp for $3.35 billion in cash.