Divestiture closed
Hormel Foods acquires Planters (2021)
Hormel Foods completed the acquisition of Planters on 7 June 2021 for $3.35 billion, buying from Kraft Heinz.[1]
Hormel bought the Planters nut business from Kraft Heinz, which was selling non-core brands to reduce debt after the failure of its cost-cutting strategy. It was the largest acquisition Hormel had made.
Deal facts
- Announced
- Closed
- Value
- $3.35 billion (enterprise value)
- Buyer
- Hormel Foods
- Seller
- Kraft Heinz
- Assets
- Planters
- Regulatory review
- None recorded
Ownership changes recorded from this deal
| Owner | Owned | Relationship | Stake | From | To |
|---|---|---|---|---|---|
| Hormel Foods | Planters | owns | 100% | 2021-06-07 | present |
| Kraft Heinz | Planters | owns | 100% | 2015-07-02 | 2021-06-07 |
Who owns Planters today?
- Planters — owned by Hormel Foods since 2021
Sources (1) & corrections
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
- [1] Hormel Foods Corporation Annual Report on Form 10-K filed 2025-12-05 — SEC EDGAR, SEC Form 10-K, published 5 December 2025; retrieved 6 September 2026.
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