Justin’s, LLC acquired by Hormel Foods Corporation
Hormel Foods Corporation acquired Justin’s, LLC, a US nut butter based snacks brand, on May 18, 2016.
Transaction summary
- Target
- Justin’s, LLC
- Acquirer
- Hormel Foods Corporation
- Seller
- -
- Announced
- 2016-05-18
- Geography
- United States
- Tags
- ConsumerFood & BeverageNut Butter Based Snacks
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- -
- First added
- 2026-10-04
- Latest update
- 2026-10-04
Value and multiples
100% enterprise value
USD 286M
100% enterprise value | USD
Basis: Estimated
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
EV / revenue
-
Period not stated
Basis: FundComb estimate
EV / EBITDA
-
EBITDA basis not stated
Basis: FundComb estimate
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Consideration: USD 286M
Hormel reported preliminary purchase price USD286m, used as estimated whole-company EV proxy; subsequently reported final price USD280.9m retained in notes.
Basis
- USD 286m enterprise value is a FundComb estimate. Public sources reviewed confirm the transaction, but do not independently disclose every valuation input.
- Valuation covers 100% of the target; the amount invested or paid for a stake is separate.
- Hormel entered the definitive agreement May2,2016, publicly announced the acquisition May18, and acquired Justins May26. Hormel reported preliminary purchase price USD286m, used here as estimated whole-company EV proxy under FCR-211. A later filing reports final purchase price USD280.9m; the cause of the difference is not established. Fiscal2017 first-quarter acquisition sales contribution USD13.335m is partial-period and not annualized. No standalone annual target revenue, EBITDA or exact acquired stake established. No standalone annual target revenue or EBITDA established; partial-period acquired sales contribution is described in notes.
Source summary
Hormel Foods Announces Acquisition of Justin’s Specialty Nut Butter Brand
Confirmedtoday announced it has entered into a definitive agreement to acquire Justin’s, LLC
Open sourceHormel Foods Corporation 2018 Form 10-K
ConfirmedOn May 26, 2016, the Company acquired Justin’s, LLC (Justin’s) of Boulder, Colorado, for a purchase price of $280.9 million.
Open sourceHormel Foods Announces Acquisition of Justin’s® Specialty Nut Butter Brand - Hormel Foods
ConfirmedMay 18, 2016 Austin , Minn. Hormel Foods Corporation (NYSE: HRL) today announced it has entered into a
Open sourceDocument
ConfirmedOn May 26, 2016, the Company acquired Justin’s, LLC (Justin’s) of Boulder, Colorado, for a final purchase price
Open sourceHormel Foods Announces Acquisition of Justin’s® Specialty Nut Butter Brand - Hormel Foods
Confirmedowner of the Justin’s ® brand and a pioneer in nut butter-based snacking.
Open sourceHormel Foods Acquires Justin's | Experience | Faegre Drinker Biddle & Reath LLP
ConfirmedHormel Foods Corporation acquired Justin’s, LLC, owner of the Justin’s® brand nut butter-based snacking, for $286 million.
Open sourceHormel2016 Q2 Form10-Q reproduced filing
Confirmedfor a preliminary purchase price of $286.0 million.
Open source