Brazil: Hormel Foods to sell Ceratti brand to Zanchetta Alimentos
Hormel Foods, the global branded food company based in the USA, has entered into a definitive agreement to sell its Brazilian operations to Zanchetta Alimentos, a Brazilian food company. Operating under the Ceratti brand, the business offers meats such as mortadella, sausage and salami for the Brazilian retail and foodservice markets. Financial details of the […]
USA: Hormel Foods spins off Justin’s nut butter brand
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 […]
USA: Hormel Foods to acquire Planters brand
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 […]
USA: Hormel Foods sells processing plant to WholeStone Farms
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, […]
USA: Hormel Foods acquires Cidade do Sol
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 […]