Hormel Foods sells majority stake in Justin’s nut butter
This story was originally published on Food Dive. To receive daily news and insights, subscribe to our free daily Food Dive newsletter. 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 the brand, which it purchase ...