Planters is owned by Hormel Foods (the United States, NYSE: HRL), which acquired the brand on 7 June 2021 from Kraft Heinz.[1][1] Before Hormel Foods, Planters was owned by Kraft Heinz from 2015 to 2021.[1]
Planters was founded in 1906 by an Italian immigrant, and its monocled Mr. Peanut mascot was designed by a schoolboy in a 1916 competition. Hormel acquired the brand from Kraft Heinz in 2021 for $3.35 billion, its largest acquisition.
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
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Hormel bought the Planters nut business from Kraft Heinz, which was selling non-core brands to reduce debt after the failure of its cost-cutting strategy. It was the largest acquisition Hormel had made.
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The parent company of Planters is Hormel Foods, a publicly listed company headquartered in the United States.
Yes. Planters originated in the United States in 1906 and its owner, Hormel Foods, is also headquartered in the United States.
Hormel Foods completed its acquisition of Planters on 7 June 2021, after announcing the deal on 11 February 2021.
Before Hormel Foods, Planters was owned by Kraft Heinz from 2015 until 2021.
Yes. As of 6 September 2026, Planters is still owned by Hormel Foods. The ownership record was last checked against primary sources on that date.
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
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