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Hormel Foods Acquires Brazilian Meat Firm Cidade Do Sol

Aug 30, 2017

US-based Hormel Foods has entered into South America with the acquisition of Brazilian meat company Cidade do Sol for about $104m. Cidade do Sol offers over 70 products in 15 categories that include meats like mortadella, sausage and ...

Tags: Cidade do Sol, sausage

Hormel Foods Announces New Leadership Appointments

Oct 11, 2016

Hormel Foods has announced several new leadership appointments across business segments. James M. Splinter has been appointed to the position of group vice president, corporate strategy. In this new role, Splinter will have responsibility ...

Tags: Hormel Foods, appointment, new leader

Hormel Foods' Record Second Quarter Results Were Reported

May 23, 2014

Hormel Foods Corporation (HRL) reported its performance for the fiscal year 2014 second quarter. All comparisons are to the second quarter of fiscal 2013. The company reported fiscal 2014 second quarter net earnings of $140.1 million, up ...

Tags: Hormel Foods, Grocery Products

Hormel Foods Corporation Reported Its Performance for The Fiscal Year 2014 First Quarter

Feb 25, 2014

Hormel Foods Corporation today reported its performance for the fiscal year 2014 first quarter. All comparisons are to the first quarter of fiscal 2013. The company reported fiscal 2014 first quarter net earnings of $153.3 million, up 18 ...

Tags: Hormel Foods, Refrigerated Foods

Unilever Has Signed a Deal to Sell Meat Snacks Business to Beef Jerky Group Jack Link's

Feb 25, 2014

British-Dutch multinational company Unilever has signed a deal to sell its meat snacks business to US beef jerky group Jack Link’s. The sale includes Bifi and Peperami sausage brands as well as a manufacturing unit in Ansbach, ...

Tags: Unilever, Meat Snacks

Unilever Reported That Its 2013 Turnover Was Down 3%,net acquisitions and disposal 1.1%

Jan 23, 2014

Unilever reported that its 2013 turnover was down 3% to €49.8 billion with foreign exchange 5.9% and net acquisitions and disposal 1.1% Finance costs and tax The cost of financing net borrowings in 2013 was €397 million versus ...

Tags: Unilever, foreign exchange

Multinational Company Unilever Sells Its Skippy Business in China to Us-Based Hormel Foods

Nov 28, 2013

British-Dutch multinational company Unilever has sold its Skippy business in China to US-based Hormel Foods. Skippy peanut butter brand was introduced in 1932 and its portfolio comprises 11 varieties of peanut butter products. It is a ...

Tags: Unilever, Skippy Peanut Butter, sold, Hormel Foods

Hormel Foods Reports Its Performance for The Fiscal Year 2013 Fourth Quarter and Full Year

Nov 28, 2013

Hormel Foods Corporation today reported its performance for the fiscal year 2013 fourth quarter and full year. All comparisons are to the fourth quarter or full year of fiscal 2012. The company reported fiscal 2013 fourth quarter net ...

Tags: Hormel Foods Corporation, reported its performance, Fourth Quarter

Nestle Is Considering Options to Divest Its Powerbar Energy Bars Brand

Sep 29, 2013

Swiss food giant Nestlé is considering options to divest its PowerBar energy bars brand, as it is facing stiffened competition from other brands. The sale could fetch millions of dollars to Nestlé, reported Reuters citing ...

Tags: Energy Bars, Food

B&G Foods and Pinnacle Foods Are Evaluating Plans to Acquire Unilever's Wish-Bone

Jun 24, 2013

B&G Foods and Pinnacle Foods are evaluating plans to acquire Unilever's American salad dressing brand Wish-Bone. The sale, which is being managed by investment banking firm Goldman Sachs, is part of Unilevers' strategy to focus on its ...

Tags: Foods, Agriculture

US Food Group Hormel Foods Has Recorded an Increase in First-Quarter Profit

Feb 22, 2013

US food group Hormel Foods has recorded an increase in first-quarter profit. In the 13 weeks ended 27 January, earnings edged up 1% to US$129.7m, the company reported today (21 February). Operating profit grew 1.2% to $198.2m. Hormel, ...

Tags: food group, Hormel Foods, food

Unilever Has Completed The Sale of Its Global Skippy Business Excluding China

Feb 4, 2013

British-Dutch multinational company Unilever has completed the sale of its global Skippy business to Hormel Foods, excluding its operations in China where the transaction is pending regulatory approvals. The pending transaction is ...

Tags: Unilever, Foods, Hormel Foods

Unilever Will Cut up to 125 Jobs in The US to Close Its Atlanta-Based Spreads Factory

Jan 29, 2013

Unilever will cut up to 125 jobs in the US after announcing plans to close close its Atlanta-based spreads factory. The group said late last week that it will close the plant by 30 June this year. "The action is being taken to address ...

Tags: Unilever, US, spreads factory

Unilever Sold Its Skippy Peanut Butter Business to Hormel Foods

Jan 8, 2013

Last week may have been the first week back at our desks after the new year, but we hit the ground running with news that Unilever sold its Skippy peanut butter business to Hormel Foods. At first glance, a mainstream brand like Skippy ...

Tags: Skippy peanut butter, Hormel Foods, Skippy, company news

Hormel Foods Will Acquire Unilever's Skippy Peanut Butter Business

Jan 5, 2013

US-based Hormel Foods has entered into an agreement to acquire Skippy peanut butter business from Unilever United States for $700m, as part of its strategy to expand lunchtime offerings in the US and accelerate growth in China. The ...

Tags: Agriculture, Food, peanut butter

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