Hormel finalises deal for Planters

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Hormel Foods Corp has completed the acquisition of the Planters snacking portfolio from the Kraft Heinz Co. The $3.35 billion transaction includes most products sold under the Planters brand, including mixed nuts, trail mix, Nutrition products, Cheez Balls, Cheez Curls and Corn Nuts branded products. The agreement also includes global intellectual property rights to the…

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