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Kraft Heinz is reportedly in talks to sell Planters for $3 billion to Hormel CNBC 2/2/2021 Hormel is reportedly in talks to buy Planters from Kraft Heinz for about $3 billion. The Wall Street Journal said that the deal could be announced as early as next week. Current owner Kraft Heinz is in the middle of a turnaround effort that includes revamping its portfolio. © Provided by CNBC Planters Peanuts Kraft Heinz is nearing a deal to sell its Planters brand to Spam owner Hormel for roughly $3 billion, The Wall Street Journal reported Tuesday. Popular Searches Hormel s stock spiked more than 6% on the report before closing up 3.9% at $48.75. Shares of Kraft Heinz closed down less than 1% at $33.16.

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