Hormel Foods Corp. (NYSE: HRL) is purchasing nut butter producer Justin’s LLCfor an undisclosed amount, as the company continues to grow beyond traditional meats.
Justin’s, based in Boulder, Colorado, makes nut butters, peanut butter cups and snack packs under the Justin’s brand. Its products come in dark chocolate, milk chocolate, white chocolate, maple almond butter, honey almond butter and classic almond butter flavors. The dark, milk and white chocolate peanut butter cups are USDA-certified organic. After the deal closes, the target will become part of Hormel’s grocery products division.