Press Release February 23, 2021

Hormel Foods to Acquire Planters Nuts Business from Kraft Heinz for $3.35 Billion

Alston & Bird is acting as counsel to Citi and Credit Suisse in their roles as financial advisors to Hormel Foods in its announced $3.35 billion acquisition of the Planters snack nut portfolio from Kraft Heinz.

Alston & Bird consistently ranks among the top 10 law firms representing financial advisors in M&A as reported annually by Corporate Control Alert, the legal and financial dealmaking journal published by The Deal. In 2020, the firm ranked No. 6 among counsel to investment banks involving U.S. companies in deals valued at $100 million or more, advising on 14 qualifying transactions, including three of the 20 largest deals for the year, with an aggregate value of more than $70 billion.
 
Advising Citi and Credit Suisse on the transaction are Alston & Bird partner Stuart Rogers and associate Robyn Downing of the firm’s Financial Advisors Team.
Media Contact
Nicholas Clarke
Communications Director
Phone: 212.210.1222

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