Kraft Heinz reportedly in talks to sell Planters to Hormel Foods

By Elaine Watson

03-Feb-2021 Last updated on 03-Feb-2021 at 18:28 GMT

Kraft-Heinz-reportedly-in-talks-to-sell-Planters-to-Hormel-Foods.jpg

Picture credit: Kraft Heinz

Kraft Heinz is in talks to sell its Planters snack nuts business to Hormel Foods, The Wall Street Journal reported, citing people familiar with the matter, with a deal valuing the brand at around $3bn that could be announced as soon as next week.

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