FundComb
Confirmed Control Closed Transaction verified ConsumerFood & Beveragenut butter based snacks

Justin’s, LLC acquired by Hormel Foods Corporation

Hormel Foods Corporation acquired Justin’s, LLC, a US nut butter based snacks brand, on May 26, 2016.

Transaction summary

Target
Justin’s, LLC
Seller
-
Announced
2016-05-18
Geography
United States
Type
Acquisition
Deal type
Control
Stake acquired
-
First added
2026-10-04
Latest update
2026-10-21

Value and multiples

100% enterprise value

USD 286M

100% enterprise value | USD

Basis: Estimated

Reported price is assumed to be 100% EV unless stated otherwise. Partial-stake estimates are qualified in the basis notes.

EV / revenue

-

Period not stated

Basis: FundComb estimate

EV / EBITDA

-

EBITDA basis not stated

Basis: FundComb estimate

Amounts paid and other reported values

Original reported amounts and bases; a stake payment is distinct from the estimated whole-company valuation.

Consideration: USD 286M

Hormel reported preliminary purchase price USD286m, used as estimated whole-company EV proxy; subsequently reported final price USD280.9m retained in notes.

Basis

  • Hormel entered the definitive agreement on May 2, 2016, publicly announced the acquisition on May 18 and acquired Justin’s on May 26. Hormel reported a preliminary purchase price of USD 286m, used here as the estimated whole-company EV. A later filing reports a final purchase price of USD 280.9m; the cause of the difference is not established. The fiscal 2017 first-quarter acquisition sales contribution of USD 13.335m covers a partial period and is not annualized. No standalone annual revenue, EBITDA or exact acquired stake is established.

Source summary

Hormel Foods Announces Acquisition of Justin’s Specialty Nut Butter Brand

Confirmed

today announced it has entered into a definitive agreement to acquire Justin’s, LLC

Open source

Hormel Foods Corporation 2018 Form 10-K

Confirmed

On May 26, 2016, the Company acquired Justin’s, LLC (Justin’s) of Boulder, Colorado, for a purchase price of $280.9 million.

Open source

Hormel Foods Announces Acquisition of Justin’s® Specialty Nut Butter Brand - Hormel Foods

Confirmed

May 18, 2016 Austin , Minn. Hormel Foods Corporation (NYSE: HRL) today announced it has entered into a

Open source

Document

Confirmed

On May 26, 2016, the Company acquired Justin’s, LLC (Justin’s) of Boulder, Colorado, for a final purchase price

Open source

Hormel Foods Announces Acquisition of Justin’s® Specialty Nut Butter Brand - Hormel Foods

Confirmed

owner of the Justin’s ® brand and a pioneer in nut butter-based snacking.

Open source

Hormel2018 Form10-K

Confirmed

for a final purchase price of $280.9 million .

Open source

Hormel Foods Acquires Justin's | Experience | Faegre Drinker Biddle & Reath LLP

Confirmed

Hormel Foods Corporation acquired Justin’s, LLC, owner of the Justin’s® brand nut butter-based snacking, for $286 million.

Open source

Hormel2016 Q2 Form10-Q reproduced filing

Confirmed

for a preliminary purchase price of $286.0 million.

Open source

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