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  5. Hormel Foods Acquires Cidade do Sol Alimentos S.A.

M&A Deal Summary

Hormel Foods Acquires Cidade do Sol Alimentos S.A.

On August 24, 2017, Hormel Foods acquired food company Cidade do Sol Alimentos S.A. for 104M USD

Acquisition Highlights
  • This is Hormel Foods’ 13th transaction in the Food sector.
  • This is Hormel Foods’ 9th largest (disclosed) transaction.
  • This is Hormel Foods’ 1st transaction in Brazil.

M&A Deal Summary
Date 2017-08-24
Target Cidade do Sol Alimentos S.A.
Sector Food
Buyer(s) Hormel Foods
Deal Type Add-on Acquisition
Deal Value 104M USD

Target

Cidade do Sol Alimentos S.A.

São Paulo, Brazil
Cidade do Sol processes such value-added products as mortadella, sausage and salami. The products are sold both in retail and food service under the Ceratti brand. Its products include mortadella, sausage, and salami meats.

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Buyer(S) 1

Buyer

Hormel Foods

Austin, Minnesota, United States
Category Company
Founded 1891
Sector Food
Employees20,000
Revenue 11.9B USD (2024)
DESCRIPTION
Entrance to Hormel Foods' corporate headquarters in Austin, Minnesota.
Entrance to Hormel Foods' corporate headquarters in Austin, Minnesota.

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.

DEAL STATS #
Overall 13 of 17
Sector: Food M&A 13 of 17
Type: Add-on Acquisition M&A Deals 7 of 9
Country: Brazil M&A 1 of 1
Year: 2017 M&A 2 of 3
Size (of disclosed) 9 of 11
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-17 Fontanini

Burlingame, California, United States

Fontanini is a manufacturer of Italian meats and sausages as well as a variety of other premium meat products, including pizza toppings and meatballs. Fontanini was established in 1960 and is based in Burlingame, California.

Buy $425M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-10-31 Columbus Manufacturing

Hayward, California, United States

Columbus Foods is a manufacturer of a full line of premium, Italian-style branded and private label dry cured and cooked deli meats including salame, roast beef and turkey.

Buy -
Mergr

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