Austin, Minn., is now major player in peanut business with Hormel s big buy of Planters
Hormel Foods $3 billion acquisition of the Planters peanuts, Cheez Balls and Corn Nuts brands means it can now dominate the snack table at any party with meat trays, Chi-Chi’s chips and salsas, Hormel Chili, and Hormel Pepperoni on pizza. 4:00 pm, Feb. 13, 2021 ×
Jim Sheehan (Submitted by Hormel Foods)Submitted by Hormel Foods
AUSTIN, Minn. It’s a party at Hormel Foods these days in the wake of its $3 billion acquisition of the Planters peanuts, Cheez Balls and Corn Nuts brands, its largest ever deal.
Jim Sheehan, Hormel’s executive vice president and chief financial officer, said adding the Planters snack brands to Hormel’s meat trays, Chi-Chi’s chips and salsas, Hormel Chili, and Hormel Pepperoni means that soon Austin, Minnesota s Fortune 500 company will dominate any gathering like a Super Bowl party.
Hormel Foods' $3 billion acquisition of the Planters peanuts, Cheez Balls and Corn Nuts brands means it can now dominate the snack table at any party with meat trays, Chi-Chi’s chips and salsas, Hormel Chili, and Hormel Pepperoni on pizza.
Hormel Foods Adds Another Strategic Leading Brand to its Portfolio with the Acquisition of Planters®
Acquisition of the Iconic Planters® Brand is a Continuation of the Company s Evolution as a Global Branded Food Company
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AUSTIN, Minn., Feb. 11, 2021 /PRNewswire/ Hormel Foods Corporation (NYSE: HRL), a global branded food company, announced today that it has entered into a definitive agreement to acquire the
Planters
® snack nut portfolio from the Kraft Heinz Company (Nasdaq: KHC). The proposed transaction is expected to close in calendar Q2 2021, subject to regulatory review and approval. The acquisition includes the
Hormel Pays $3 35B to Acquire Planters Brand progressivegrocer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from progressivegrocer.com Daily Mail and Mail on Sunday newspapers.