Kraft heinz announces agreement to sell its nuts business to hormel foods

Pittsburgh & chicago--(business wire)--the kraft heinz company (“kraft heinz” or the “company”) announced today that it has entered into a definitive agreement to sell its nuts business to hormel foods corporation in a cash transaction for $3.35 billion. the proposed transaction is expected to close in the first half of 2021, subject to regulatory review and approval. the transaction includes most products sold under the planters brand, including single variety and mixed nuts, trail mix, nut-ri
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