Minn.-Based Hormel Foods Acquires Deli Meat Co. Columbus For $850MMinnesota-based food company Hormel Foods has made its largest acquisition ever after an agreement to buy Columbus Manufacturing, Inc.
Hormel Says Bird Flu Outbreak Will Hurt Turkey SalesHormel says it will sell less turkey this year because of a spreading bird flu outbreak. Farmers have been forced to kill more than 2.4 million turkeys since March. Most of the birds were in Minnesota, where Hormel is based.
Hormel Foods Buying Muscle Milk Maker For $450M Hormel Foods is buying Muscle Milk maker CytoSport for approximately $450 million, a move that will diversify its business and tap into younger consumers' demand for sports nutrition products.
Austin’s Spam Museum Is On The MoveA popular Minnesota tourism attraction is moving, but not very far. Hormel Foods announced that week that it's building a new Spam Museum in downtown Austin, Minn.
Dubuque Plant Lands Hormel Foods Expansion Project Hormel Foods has chosen its Dubuque plant for the first phase of a major expansion project. Hormel will add a new line for bacon toppings at its Progressive Processing plant, which opened in 2010. It's unclear how many jobs will come with the first phase.
Lunch Meat Maker Hormel Orders Up Skippy SandwichHormel Foods apparently has a hankering for a peanut butter and bacon sandwich. The company primarily known for Spam and other cured, smoked and deli meats said Thursday that it's buying Skippy, the country's No. 2 peanut butter brand, in its biggest-ever acquisition.
Spam Sales Strong, Hormel 4Q Profit RisesContinued strong sales of Spam and Jennie-O products helped Hormel Foods as its net income climbed 13 percent in its fourth fiscal quarter. The Austin, Minn., company also increased its annual dividend by 13 percent to 68 cents per share.
Jury Sides With Hormel Over Food Lost In '08 FloodA jury has ordered an Iowa warehouse operator to pay Hormel Foods Corp. $4 million for failing to protect its products from floodwaters in 2008.
Hormel Board Approves Stock SplitHormel Foods Inc. said that its board has approved a 2-for1 stock split, which would be its first in a decade.