Kraft Heinz Sells Planters to Hormel for $3.35 Billion
Kraft Heinz reported Thursday it has sold its Planters business to Hormel for USD3.35 Billion cash.
Source: financialbuzz.com
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Hormel Foods buys Planters in $3 billion deal | Duluth News Tribune
The acquisition is by far the largest by Austin, Minn.-based Hormel Foods.
Source: duluthnewstribune.com
Hormel Foods buys Planters in $3 billion deal
The acquisition is by far the largest by Austin, Minn.-based Hormel Foods. 11:15 am, Feb. 11, 2021 × AUSTIN, Minn. — 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, Feb. 11, making it the largest acquisition by Austin, Minn.-based 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 $1 billion. "The acquisition of the Planters business ad...
Source: grandforksherald.com
Kraft Heinz sells Planters nuts business to Hormel
Under the agreement, Kraft Heinz will sell its Corn Nuts and Planters production facilities in three states.
Source: pennlive.com
Kraft Heinz to sell Planters, Corn Nuts brands to Hormel for $3.35 billion
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%.
Source: reuters.com