Hormel Foods Corporation has entered into a strategic partnership with Forward Consumer Partners to establish Justin's® as a standalone company. Under the terms of the agreement, Forward will own 51% of the business, while Hormel Foods will retain a 49% stake. The partnership aims to fuel growth for the Justin's® brand, known for its nut butters and organic chocolate treats, by providing greater focus and resources. Justin Gold, the brand's founder, will return as a strategic advisor and board member, while Peter Burns will resume his role as CEO. The transaction is expected to close by the end of the calendar year.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hormel Foods Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: CG08132) on October 28, 2025, and is solely responsible for the information contained therein.