Hormel, the meat and packaged foods company, has announced the acquisition of nut butter firm Justin’s in a deal reported by the Denver Post to be worth $286 million. Established in Colorado in 2004, Justin’s markets four nut butter-based snack lines – namely spreads, squeeze packs, peanut butter cups and snack packs. Its nut butters are promoted as being “finely crafted with a one-of-a-kind grinding process to create an exceptional …