Hormel Foods Mergers and Acquisitions Summary

Food Company

Hormel Foods has acquired 18 companies, including 7 in the last 5 years. A total of 8 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 2 countries. The Company’s most targeted sectors include food (100%).

Join Mergr and gain access to Hormel Foods’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the food sector.

M&A Summary

  • M&A Total Activity20
    • M&A Buy Activity16
    • M&A Sell Activity4
  • Total Sectors Invested 1
  • Total Countries Invested 2
  • M&A Buy/Sell Connections 17
  • M&A Advisors 7

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, many of which are among the best known and trusted in the food industry. Hormel Foods was formed in 1891 and is based in Austin, Minnesota.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (1.0/yr) # 11 3 - - 1 1 16
vol $2.5B $529M $3.4B $6.4B
Sell (0.2/yr) # 3 - - 1 - - 4
vol $145M $145M
  20

Most Recent M&A

Company Date Value Type
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
Applegate Farms LLC 2015-07-13 775M USD Add-on Acquisition
Bridgewater, New Jersey · www.applegate.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Food 16 (100%) 6.4B (100%) 2 (50%) -
Packaging - - 2 (50%) 145M (100%)
Total 16 $6.4B 4 $145M

By Geo

State/Country Buy Value Sell Value
United States 15 6.3B 4 145M
  California 4 875M 2 145M
  Georgia 2 158M 1 -
  Wisconsin 2 162M 1 -
  New Jersey 2 775M - -
  Minnesota 1 - - -
  Illinois 1 3.4B - -
  Colorado 1 286M - -
  Texas 1 - - -
Brazil 1 104M - -
Domestic 15 (94%) 6.3B (98%) 4 (100%) 145M (100%)
Cross-border 1 (6%) 104M (2%) - -
Total 16 $6.4B 4 $145M

Top M&A Advisors

Financial Deals
Barclays Investment Bank
2
Credit Suisse Investment Banking
2
Bank of America Merrill Lynch (BofA Securities)
1
Legal Deals
Faegre Baker Daniels LLP
2

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)
38%
6 (38%)
Strategic(s)
25%
4 (25%)
Divested to
Investor(s)
50%
2 (50%)
Strategic(s)
50%
2 (50%)

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