M&A Deal Summary

Hormel Foods and Herdez del Fuerte S.A. de C.V. Acquire MegaMex Foods

On January 1, 2009, Hormel Foods and Herdez del Fuerte S.A. de C.V. acquired food company MegaMex Foods

Acquisition Highlights
  • This is Hormel Foods’ 6th and Herdez del Fuerte S.A. de C.V.’s 1st transaction in the Food sector.
  • This is Hormel Foods’ 6th and Herdez del Fuerte S.A. de C.V.’s 1st transaction in the United States.
  • This is Hormel Foods’ 1st and Herdez del Fuerte S.A. de C.V.’s 1st transaction in California.

M&A Deal Summary
Date 2009-01-01
Target MegaMex Foods
Sector Food
Buyer(s) Hormel Foods
Herdez del Fuerte S.A. de C.V.
Deal Type Joint Venture

Target

MegaMex Foods

Orange, California, United States
MegaMex Foods, LLC. distributes Mexican food products and ingredients to customers in the United States.

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Buyer(S) 2

Buyer

Hormel Foods

Austin, Minnesota, United States
Category Company
Founded 1891
Sector Food
Employees20,000
Revenue 12.1B USD (2023)
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 6 of 17
Sector (Food) 6 of 17
Type (Joint Venture) 1 of 1
State (California) 1 of 4
Country (United States) 6 of 15
Year (2009) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-03-30 Mark-Lynn Foods

Bremen, Georgia, United States

Mark-Lynn Foods Inc. is a manufacturer and distributor of a wide array of foodservice items. The company manufactures food products including salt and pepper packets, ketchup, mustard, sauces and salad dressings, creamers, sugar packets as well as jellies, desserts, and drink mixes.

Buy $43M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-01-18 Country Crock Chilled Side Dish Line

Englewood Cliffs, New Jersey, United States

The Country Crock chilled side dish line consists of 10 varieties of refrigerated, microwaveable, multi-portion, potato-/pasta-based side dish products. The line, first introduced in 2004, is a strong player in the refrigerated side dish segment.

Buy -
Buyer

Herdez del Fuerte S.A. de C.V.

Mexico City, Mexico
Category Company
Founded 2007
Sector Food
DESCRIPTION

Herdez del Fuerte, is a manufacturer and marketer of consumer-branded food and beverages in Mexico and the United States. The company has a strong product portfolio mainly based in tomato, fruit, vegetable, jalapeño, mole sauce, coffee and tuna products marketed under highly recognized and valued brands.

DEAL STATS #
Overall 1 of 2
Sector (Food) 1 of 2
Type (Joint Venture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2009) 1 of 1
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-10-24 Interdeli

El Marque, Mexico

Interdeli is a manufacturer of specialty food focusing on dairy, bread and prepared food. Interdeli was founded in 1997 and is based in El Marque, Mexico.

Buy -
Mergr

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