Kraft Heinz in talks to sell Planters snack business for $3 billion: WSJ

FILE PHOTO: Heinz tomato ketchup is show on display during a preview of a new Walmart Super Center prior to its opening in Compton, California, U.S., January 10, 2017. REUTERS/Mike Blake

(Reuters) – Kraft Heinz Co is in talks to sell its Planters snack business to Skippy peanut butter maker Hormel Foods Corp for about $3 billion, the Wall Street Journal reported here on Tuesday, citing people familiar with the matter.

The companies were not immediately available for a Reuters request for comment.

Reporting by Nivedita Balu in Bengaluru; Editing by Ramakrishnan M.