Hormel Foods

Global branded food company Hormel Foods has announced plans to separate its Justin’s nut butter and chocolate snack brand through a strategic partnership with Forward Consumer Partners, a private investment firm. As part of the agreement, Forward Consumer Partners will acquire a 51% stake in the business, while Hormel will retain a 49% interest, allowing Justin’s to operate as an independent company. Commenting on the move, Hormel Foods president John Ghingo …

Global branded food company Hormel Foods has announced the acquisition of the Planters brand from Kraft Heinz for $3.35 billion. The acquisition includes the Planters, NUT-rition, Planters Cheez Balls and Corn Nuts brands, and three production sites. In 2020, Planters snack portfolio net sales were approximately $1 billion, and are expected to grow at Hormel’s long-term organic growth target. “Our competencies in brand stewardship, revenue growth management, e-commerce, innovation and …

Hormel Foods and WholeStone Farms have entered into an agreement to sell the Hormel Foods processing plant in Fremont, NE to WholeStone Farms. The transaction includes both the processing plant and a multiyear agreement to supply raw pork to Hormel Foods. “The strategic decision to transition the Fremont facility to WholeStone arms reflects the long-term, changing dynamics in the pork industry, and most important, is aligned with our vision as …

Hormel Foods, a US food company based in Austin, TX, has acquired Brazilian meat processor Cidade do Sol for approximately $104 million. According to a company press release, the acquired business will become a part of Hormel Foods’ International business unit, providing an initial entry into the Brazilian market and serving as a platform for future growth in South America. Jim Snee, president and chief executive officer of Hormel Foods said: “Strategic …