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Kraft sells iconic Planters brand to Hormel

Posted at 7:53 AM, Feb 12, 2021
and last updated 2021-02-12 10:57:39-05

Kraft is saying goodbye to the iconic Planters brand.

The company is selling Planters to Hormel, the maker of Spam and Skippy Peanut Butter.

Kraft is expected sell off Planters for a whopping $3.3 billion.

Planters is famous for its Mr. Peanut products.

It's been a chaotic few years for Mr. Peanut.

He died in early 2020 as part of a Super Bowl commercial and was apparently reborn as a baby nut.