Planters snack nuts business acquired by Hormel Foods Corporation
Hormel Foods Corporation acquired Planters snack nuts business, a US snacks brand, on Jun 7, 2021.
Preliminary: The EV/revenue and EV/EBITDA are not yet independently verified.
Transaction summary
- Target
- Planters snack nuts business
- Acquirer
- Hormel Foods Corporation
- Seller
- Kraft Heinz Company
- Announced
- 2021-02-11
- Geography
- United States
- Type
- Acquisition
- Deal type
- Control
- Stake acquired
- 100%
- First added
- 2026-10-31
- Latest update
- 2026-10-31
Value and multiples
100% enterprise value
USD 3.4B
100% enterprise value | USD
Basis: Public source
Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.
EV / revenue
3.05x
Unverified
Period: varies by source
Basis: Estimated
EV / EBITDA
15x
Unverified
EBITDA basis not stated
Basis: Estimated
Amounts paid and other reported values
Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.
Consideration: USD 3.4B
Basis
- Reported value: US$3.35bn. Multiples use revenue of US$1.1bn (FY2020) and EBITDA of US$223m (CY2020).
Source summary
Hormel makes its biggest deal ever, buying Planters for $3.3 billion
ConfirmedHormel Foods Corp. agreed to buy Planters nuts for $3.35 billion, the largest acquisition in Hormel’s 130-year history.
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