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M&A Deal Summary

Hormel Foods Acquires DYMA Brands

On December 31, 2002, Hormel Foods acquired food company DYMA Brands for 115M USD

Acquisition Highlights
  • This is Hormel Foods’ 1st transaction in the Food sector.
  • This is Hormel Foods’ 8th largest (disclosed) transaction.
  • This is Hormel Foods’ 1st transaction in the United States.
  • This is Hormel Foods’ 1st transaction in Georgia.
Investment Fate
  • DYMA Brands was divested to a consortium of buyers in 2016.
  • DYMA Brands was sold to a strategic buyer in 2024.

M&A Deal Summary
Date 2002-12-31
Target DYMA Brands
Sector Food
Buyer(s) Hormel Foods
Deal Type Divestiture
Deal Value 115M USD

Target

DYMA Brands

Atlanta, Georgia, United States
DYMA Brands is a manufacturer and distributor of customized foodservice solutions, including sauces,dressings, condiments, drink mixes, salt, pepper, sweeteners and other food and beverage products. DYMA Brands was founded in 1980 and is based in Atlanta, Georgia.

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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 1 of 17
Sector: Food M&A 1 of 17
Type: Divestiture M&A Deals 1 of 6
State: Georgia M&A 1 of 2
Country: United States M&A 1 of 15
Year: 2002 M&A 1 of 1
Size (of disclosed) 8 of 11
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-31 Century Foods International

Sparta, Wisconsin, United States

Century Foods International is a formulator, blender, and marketer of dairy ingredients to the food and nutritional products industries. The Company operates out of five plants located in and around Sparta, Wisconsin. Century’s core business is the formulation (recipe creation) and blending of dry milk ingredients (and flavors, colors, etc.) used by hundreds of food and sport nutrition (whey protein drinks and bars) companies as both raw materials in their production and finished goods packaged by Century for shipment to retailers.

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