Item 2.01 Completion of Acquisition or Disposition of Assets

On June 7, 2021, Hormel Foods Corporation (the Company) completed the previously announced acquisition of the Planters® snacking portfolio from the Kraft Heinz Company (Nasdaq: KHC). The acquisition includes the Planters®, NUT-rition®, Planters® Cheez Balls and Corn Nuts® brands, as well as three production facilities.

The purchase price is approximately $3.35 billion, subject to customary adjustments. The acquisition was funded from the Company's cash on hand and long-term debt.

The Company intends to file the finalized agreement and any amendments with its next quarterly report on Form 10-Q.

Item 7.01 Regulation FD Disclosure

On June 7, 2021, the Company issued a press release announcing it has acquired the Planters® snacking portfolio from the Kraft Heinz Company. A copy of the press release is furnished as Exhibit 99 to this Form 8-K and is incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits

(a) Financial Statements of Business Acquired

Any required historical financial information with respect to the Planters® snacking portfolio will be filed by amendment to this Item 9.01(a) within 71 calendar days after the date on which this Current Report on Form 8-K is required to be filed.

(b) Pro Forma Financial Information

Any required unaudited pro forma condensed financial information with respect to the combined company will be filed by amendment to this Item 9.01(b) within 71 calendar days after the date on which this Current Report on Form 8-K is required to be filed.



(d)   Exhibits

  99        Press   release issued June 7, 2021
104         The cover page from this Current Report on Form 8-K, formatted as Inline XBRL.



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