Hormel Foods - M&A Summary and Business Overview

FoodCompany

Hormel Foods M&A Summary

Hormel Foods has acquired 19 companies, including 3 in the last 5 years. A total of 9 acquisitions came from private equity firms. It has also divested 4 assets.

Hormel Foods’ largest acquisition to date was in 2021, when it acquired Planters Nut & Chocolate Company for $3.4B. It’s largest disclosed sale occurred in 2016, when it sold Clougherty Packing to Smithfield Foods for $145M. Hormel Foods has acquired in 9 different US states, and 3 countries. The Company’s most targeted sectors include food (100%).

Hormel Foods Business Overview

Where is Hormel Foods headquartered?

Hormel Foods is headquartered in Austin, Minnesota.

What is Hormel Foods’ revenue?

Hormel Foods disclosed revenue of 12,110M USD for 2023 and 12,459M USD for 2022.

How many employees does Hormel Foods have?

Hormel Foods has 20,000 employees.

What sector is Hormel Foods in?

Hormel Foods is a food company.

When was Hormel Foods founded?

Hormel Foods was founded in 1891.

M&A Summary

  • M&A Total Activity21
    • M&A Buy Activity17
    • M&A Sell Activity4
  • Total Sectors Invested 1
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 17
  • M&A Advisors 8

Hormel Foods

Hormel Foods Corp.

1 Hormel Place,
Austin, Minnesota 55912
United States,
(507) 437-5611
www.hormelfoods.com

Hormel Foods is a multinational manufacturer and marketer of consumer-branded food and meat products. Hormel Foods was formed in 1891 and is based in Austin, Minnesota.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.6/yr) # 14 1 1 1 - - 17
vol $3.1B $3.4B $6.4B
Sell (0.0/yr) # 4 - - - - - 4
vol $145M $145M
  21

Most Recent M&A

Company Date Value Type
PT Garudafood Putra Putri Jaya Tbk 2022-12-15 - Stake Purchase
South Jakarta, Indonesia · www.garudafood.com
Planters Nut & Chocolate Company 2021-02-11 3.4B USD Divestiture
Glenview, Illinois · www.planters.com
Sadler’s Smokehouse 2020-02-20 - Add-on Acquisition
Henderson, Texas · www.sadlerssmokehouse.com
CytoSport, Inc. 2019-02-19 - Divestiture
Benicia, California · www.cytosport.com
Columbus Manufacturing, Inc. 2017-10-31 - Add-on Acquisition
Hayward, California · www.columbussalame.com
Cidade do Sol Alimentos S.A. 2017-08-24 104M USD Add-on Acquisition
São Paulo, Brazil · www.ceratti.com.br
Fontanini 2017-08-17 425M USD Divestiture
Burlingame, California · www.fontanini.com
Clougherty Packing LLC (Farmer John Meats) 2016-11-21 145M USD Divestiture
Los Angeles, California · www.farmerjohn.com
Justin’s LLC 2016-05-18 286M USD Add-on Acquisition
Boulder, Colorado · www.justins.com
Diamond Crystal Brands, Inc. 2016-04-26 - Divestiture
Savannah, Georgia · www.dcbrands.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Food 17 (100%) 6.4B (100%) 2 (50%) -
Packaging - - 2 (50%) 145M (100%)
Total 17 $6.4B 4 $145M

By Geo

State/Country Buy Value Sell Value
United States 15 6.3B 4 145M
  California 4 875M 2 145M
  Wisconsin 2 162M 1 -
  Georgia 2 158M 1 -
  New Jersey 2 775M - -
  Texas 1 - - -
  Minnesota 1 - - -
  Illinois 1 3.4B - -
  Colorado 1 286M - -
Brazil 1 104M - -
Indonesia 1 - - -
Domestic 15 (88%) 6.3B (98%) 4 (100%) 145M (100%)
Cross-border 2 (12%) 104M (2%) - -
Total 17 $6.4B 4 $145M

Top M&A Advisors

Financial Deals
Barclays Investment Bank
3
Credit Suisse Investment Banking
2
BofA Securities
1
Legal Deals
Faegre Baker Daniels LLP
2
Faegre Drinker Biddle & Reath
1

Deal Values

buy # Total
> $1B 1 $3.4B
$100M to $1B 8 $3.0B
< $100M 2 $90M
TOTAL $6.4B
Largest Planters Nut & Chocolate Company
$3.4B (2021-02-11)
sell # Total
$100M to $1B 1 $145M
TOTAL $145M
Largest Clougherty Packing LLC (Farmer John Meats)
$145M (2016-11-21)

M&A Connections

Deals
Acquired from
Investor(s)
41%
7 (41%)
Strategic(s)
24%
4 (24%)
Divested to
Investor(s)
50%
2 (50%)
Strategic(s)
50%
2 (50%)

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