Hormel Foods (NYSE: HRL) is a publicly listed company headquartered in Austin, Minnesota, United States that owns 8 consumer brands, and has 4 recorded transactions.[1]
Hormel Foods was founded in Austin, Minnesota in 1891 as a pork processor and is best known for Spam, which it invented in 1937. The Hormel Foundation holds a controlling block of shares, an arrangement set up to keep the company independent and headquartered in its home town.
Controlling ownership as of . Brands grouped under the entity that owns them; large groups are collapsed.
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Hormel bought the Planters nut business from Kraft Heinz, which was selling non-core brands to reduce debt after the failure of its cost-cutting strategy. It was the largest acquisition Hormel had made.
Hormel acquired Columbus Manufacturing for about $850 million, buying a San Francisco maker of salami and Italian-style deli meats founded by an immigrant family in 1917. It gave Hormel a premium delicatessen business sold at the counter rather than from the shelf.
Hormel acquired Applegate Farms for about $775 million. Applegate sells meat raised without antibiotics and free from artificial ingredients, claims it had built a business on well before they were common, and it continues to source from independent farms rather than from its parent's supply chain.
Hormel acquired Skippy from Unilever for about $700 million, buying the second largest peanut butter brand in the United States. Unilever had held it since taking over Bestfoods in 2000 and was narrowing its food portfolio; Hormel was broadening beyond tinned meat.
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Hormel Foods owns 8 consumer brands tracked here, including Columbus, Spam, Applegate, Jennie-O, Wholly and Planters.
Yes. Hormel Foods is headquartered in Austin, Minnesota, United States and was founded in 1891.
Hormel Foods is a publicly listed company owned by its shareholders; it trades as HRL on the NYSE.
The most recent completed acquisition recorded here is Planters on 7 June 2021.
Last verified . Every ownership fact above is backed by one of these primary documents. Numbers in brackets in the text refer to this list.
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