"It actually sold pretty well, but was reportedly discontinued because the Mars family in charge at the time were not fans of ...

With a market cap of $16.6 billion, Hormel Foods Corporation (HRL) is a leading global manufacturer and marketer of high-quality meat and food products. The company operates through Retail, ...

When Hormel Foods spent $3.35 billion four years ago to buy Kraft Heinz’s snack nut portfolio, much of the attention was paid to the crown jewel of the transformative deal: Planters nuts. And for good ...

Oscar Mayer. Velveeta. Capri Sun. Kraft Heinz CEO Miguel Patricio admits: Some of the company’s iconic products had become “a little bit dusty.” ...

So Kraft Heinz reworked its portfolio to cut its healthier nuts and cheese business and focus on the processed icons, putting them front and center in flashy, even goofy, marketing campaigns that ...

Sources Elejalde-Ruiz, Alexia. “Kraft Heinz Sells Planters Peanuts to Hormel for $3.35 Billion.” ...

Awww, nuts! Mr. Peanut, monocled spokeslegume for Planters, is now tipping his top hat to new owner Hormel Foods Corp. Kraft Heinz Co. on Monday announced that it has completed the sale of its ...

The Company previously announced the signing of a definitive agreement on Feb. 11, 2021, under which Kraft Heinz would divest most products sold under the Planters brand, including single variety ...

The Planters refresh comes as Chicago-based Kraft Heinz prepares to sell the 115-year-old nut brand to Hormel Foods. The $3.35 billion deal announced in February is expected to close by the end of ...

Selling Planters Kraft Heinz has reached a deal with Hormel Foods (HRL) to sell its nuts business in a cash deal valued at $3.35 billion, in a deal set to close in the first half of 2021.

Planters Peanuts are displayed at a Walmart store. Hormel Foods, known for its meat brands like Spam and Applegate, said Thursday it's buying the Planters nut business from Kraft Heinz Co. for $3. ...

On an adjusted basis, Kraft Heinz earnings rose to $0.80 per share from $0.72 cents per share a year earlier, beating analyst estimates of $0.74. For the year, Kraft Heinz reported $26.2 billion ...