Hormel, the leading US food manufacturer, is expanding its manufacturing operations to Nebraska with the opening of a new factory in Omaha, according to a Food Business News report. The building, said to be a former distribution centre for the now defunct Shopko retail chain, is set to undergo $60 million of renovations with a view to opening in November of this year. The new factory will reportedly employ around …
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Hormel
US food company Hormel Foods has announced it has agreed to sell its CytoSport sports nutrition business to fellow US consumer goods firm PepsiCo for an undisclosed sum. Hormel Foods acquired CytoSport, which markets the Muscle Milk and Evolve Protein range of protein powders, shakes and bars, in 2014 for approximately $450 million. Commenting on the sale, Jim Snee, chairman of the board, president and chief executive officer at Hormel Foods, …
US food company Hormel has announced the acquisition of the deli meat and salami maker Columbus Manufacturing for approximately $850 million. This purchase positions Hormel Foods “as a total deli solutions provider” enhancing its portfolio of brands such as Hormel, Jennie-O, Applegate, and Di Lusso, the company said in a statement. Columbus is capitalizing on one of the fastest-growing areas in the retail grocery store with premium, authentic and on-trend …
Meat and packaged foods firm Hormel has announced the sale of its Clougherty Packing business to Smithfield Foods, the world’s largest pork producer. Clougherty Packing is the parent company of Farmer John and Saag’s Specialty Meats, whose brand lines include products such as ham, bacon, sausages and lunch meat as well as raw cuts of meat. The deal, which was transacted for $145 million in cash, also includes Hormel’s PFFJ farm operations …
Hormel, the meat and packaged foods company, has announced the acquisition of nut butter firm Justin’s in a deal reported by the Denver Post to be worth $286 million. Established in Colorado in 2004, Justin’s markets four nut butter-based snack lines – namely spreads, squeeze packs, peanut butter cups and snack packs. Its nut butters are promoted as being “finely crafted with a one-of-a-kind grinding process to create an exceptional …
Hormel Foods, the US manufacturer of meat and other food products, has announced the of a new line of packaged food and drinks aimed specifically at cancer patients. Named Hormel Vital Cuisine, the line is targeted at “individuals battling decreased appetite and energy, unintentional weight loss and fatigue while undergoing cancer treatment” and includes ready meals, nutrition shakes and whey protein powders. Described as being developed with support from experts …
Hormel Food Corporation has announced it has entered a definitive agreement to acquire Applegate Farms for approximately $775 million. Applegate is a leading maker of natural and organic prepared meats including deli meat, hot dogs, bacon, chicken strips and burgers. According to the deal, Applegate will operate autonomously as a standalone subsidiary in the company’s Refrigerated Foods segment. “A growing number of consumers are choosing natural and organic products. This …
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