Hormel Foods has completed 4 recorded acquisitions and 0 divestitures or spin-offs, spanning 2013 to 2021.
| Date | Type | Assets | Counterparty | Value |
|---|---|---|---|---|
| Jun 2021 | Divestiture | Planters | Kraft Heinz | $3.35bn |
| Nov 2017 | Acquisition | Columbus | — | $850m |
| Jul 2015 | Acquisition | Applegate | — | $775m |
| Jan 2013 | Acquisition | Skippy | Unilever | $700m |
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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