Hormel Foods sells majority stake in Justin’s nut butter
Hormel Foods is selling a majority stake in Justin’s, the popular nut spreads and confectionery brand, to a private investment firm for an undisclosed amount. The Spam and Planters manufacturer is selling 51% of Justin’s to Forward Consumer Partners, which owns whole grain pancake and waffle mix maker Kodiak. Hormel will retain 49% ownership in...
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