(Reuters) - Kraft Heinz Co said on Thursday it was selling its nut business to packaged food peer Hormel Foods Corp for $3.35 billion in cash.
The transaction includes most products sold under the Planters brand, including single variety and mixed nuts, trail mix, Nut-rition products, Cheez Balls, and Cheez Curls, as well as Corn Nuts branded products.
Reporting by Aishwarya Venugopal in Bengaluru; Editing by Arun Koyyur
Our Standards: The Thomson Reuters Trust Principles.