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Kraft Heinz just agreed to sell Planters for $3.4 billion. Here's how the deal fits into its broader culling of food brands.
Kraft Heinz is bidding adieu to Mr. Peanut. The food giant said Thursday that it plans to sell its Planters nut business for $3.4 billion to Spam maker Hormel. The announcement confirms a report ...
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Voluntary recall issued in 5 southern states for Hormel-owned Planters peanut products
Chicago-based Kraft Heinz announced in Feb. 2021 that it was selling its Planters nuts business to the Minnesota-based Hormel Foods Corporation in a $3.35 billion cash sale. The acquisition ...