Hormel Foods Establishes Partnership with Forward to Fuel Growth for the Justin's® Brand

Hormel spins off Justin’s as standalone company

Almost a decade after Hormel Foods Corp. (NYSE: HRL) paid $286 million for Justin’s, the Boulder-born natural-foods company is being spun off as a stand-alone company once again. Austin, Minnesota-based Hormel is selling a 51% stake in Justin’s to Forward Consumer Partners, a Greenwich, Connecticut-based private investment firm focused on branded consumer products. Terms of the transaction, which is expected to close by the end of 2025, were not…

Hormel Foods Establishes Partnership with Forward to Fuel Growth for the Justin's® Brand

Justin's ® Branded Business to Become a Standalone Company

Hormel Foods to spin off Justin’s brand in private-equity agreement

Hormel Foods has agreed to spin off Justin’s brand into a standalone company through a deal with Forward Consumer Partners. The post Hormel Foods to spin off Justin’s brand in private-equity agreement appeared first on Just Food.

Hormel sells Justin’s brand to private equity firm

Hormel Foods Corp. and private equity firm Forward Consumer Partners struck a new strategic partnership Tuesday, wherein Hormel will relinquish ownership control of its Justin’s snacks, enabling the brand to become a standalone company.