Almost a decade after Hormel Foods Corp. (NYSE: HRL) paid $286 million for Justin’s, the Boulder-born natural-foods company is being spun off as a stand-alone company once again.

Austin, Minnesota-based Hormel is selling a 51% stake in Justin’s to Forward Consumer Partners, a Greenwich, Connecticut-based private investment firm focused on branded consumer products. Terms of the transaction, which is expected to close by the end of 2025, were not disclosed.

Justin’s was founded by Justin Gold in 2004 and produces nut butters and organic chocolate treats. Gold launched the brand in his kitchen and began selling almond butters at the Boulder Farmers Market.

Justin’s headquarters remained in Boulder after the Hormel sale, with the company based at 736 Pearl St.

“The Justin’s brand has alwa

See Full Page