Hormel Foods Mergers & Acquisitions

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%).

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

Hormel Foods

Hormel Foods Corp.

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

All (21) Buy (17) Sell (4)
Date Target Value
$mlns
Transaction Type Acquirer Seller SRC
Link
2022-12-15 GarudaFood · Food
South Jakarta, Indonesia · www.garudafood.com

GarudaFood is a seller of branded consumer food products. The company has four main product categories: biscuits, snacks, instant beverages and chocolate confectionery which it produces across its five production facilities.

- Stake Purchase

Hormel Foods
Advisors: Barclays Investment Bank , Faegre Drinker Biddle & Reath

CVC Capital Partners PE
Advisors: BofA Securities , White & Case


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