05.18.16
Hormel Foods Corporation, Austin, MN, has entered into a definitive agreement to acquire Justin’s, LLC, owner of the Justin’s brand and a pioneer in nut butter-based snacking. Justin’s markets four successful nut butter-based snack lines: spreads, squeeze packs, peanut butter cups and snack packs. Justin’s will continue operating out of its office in Boulder, CO, as a subsidiary in the company’s Grocery Products segment.
“Justin’s naturally delicious, high-quality nut butters, nut butter snacks and organic peanut butter cups align perfectly with our goal of complementing our existing brands with new offerings that resonate with younger, on-the-go and more health-conscious consumers,” said Jeffrey Ettinger, chairman of the board and CEO at Hormel Foods.
“I am pleased to welcome Justin’s into the Hormel Foods family,” said James Snee, president and COO at Hormel Foods. “We are excited to work together with the Justin’s team to bring these great products to even more consumers, leveraging key Hormel Foods resources to drive continued innovation and growth to this on-trend category.”
“I look forward to working with the Hormel Foods team, a company that shares our passion for innovation, quality and creating the best possible consumer experience,” said Justin Gold, founder of Justin’s. “My goal has always been to build something truly special and Hormel Foods is the right partner to make this an enduring and far-reaching brand.”
“Justin’s naturally delicious, high-quality nut butters, nut butter snacks and organic peanut butter cups align perfectly with our goal of complementing our existing brands with new offerings that resonate with younger, on-the-go and more health-conscious consumers,” said Jeffrey Ettinger, chairman of the board and CEO at Hormel Foods.
“I am pleased to welcome Justin’s into the Hormel Foods family,” said James Snee, president and COO at Hormel Foods. “We are excited to work together with the Justin’s team to bring these great products to even more consumers, leveraging key Hormel Foods resources to drive continued innovation and growth to this on-trend category.”
“I look forward to working with the Hormel Foods team, a company that shares our passion for innovation, quality and creating the best possible consumer experience,” said Justin Gold, founder of Justin’s. “My goal has always been to build something truly special and Hormel Foods is the right partner to make this an enduring and far-reaching brand.”
