Core Insights - Hormel Foods is selling a 51% stake in Justin's to Forward Consumer Partners while retaining 49% ownership [2][4] - Justin's has expanded its product offerings since Hormel's acquisition in 2016, including new nut spreads and candy products [3] - The partnership aims to leverage resources for growth while maintaining Hormel's investment in Justin's success [4] Company Overview - Hormel Foods, known for brands like Spam and Planters, acquired Justin's in 2016 for $286 million [2] - Justin's founder, Justin Gold, will return as a strategic advisor, and Peter Burns will resume the role of CEO [4][5] Strategic Implications - The transaction reflects Hormel's strategy to unlock brand potential through partnerships [4] - Forward Consumer Partners views Justin's as a strong brand with significant untapped potential [5]