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Kraft Heinz sells nuts to Hormel foods

Cash transaction of $ 3.35 billion

TheKraft Heinz Company (Kraft Heinz) announced today that it has entered into a definitive agreement to sell its nut business to Hormel Foods Corporation via a $ 3.35 billion cash transaction. The transaction is expected to close in the first half of 2021 and is subject to regulatory review and approval. The transaction includes the majority of products sold under the Planters brand, including single...

hef - 16952

EFA News - European Food Agency
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