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Hormel Foods sees Planters solidifying snacking strategy


Food Business News

AUSTIN, MINN. – Hormel Foods Corp.’s June 7 closing of its $3.35 billion acquisition of the Planters® snack business from Kraft Heinz Co. opened a host of opportunities, according to the company. Management sees Planters anchoring Hormel’s snack portfolio and leading its growth as a competitor for individual and group snacking occasions.