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Hormel Plant, Austin, MN in 2023. In 2011, Hormel Foods announced a two-for-one stock split. [39] In 2013, Hormel Foods purchased Skippy—the best-selling brand of peanut butter in China and the second-best-selling brand in the world—from Unilever for $700 million; the sale included Skippy's American and Chinese factories. [40]
It is now a subsidiary of the Hormel Foods Corporation in Willmar, Minnesota. [20] The company was founded by Earl B. Olson in 1940, when he began raising turkeys. In 1949, he bought the former Farmers Produce Company of Willmar and its turkey-processing plant. [21] In 1953, it was renamed to Jennie-O after his daughter, Jennifer Olson.
Hormel also closed its Don Miguel Foods factory in Dallas, Texas, which is a joint venture with a Mexico City company, Herdez Del Fuerte. The plant made pork, beef and chicken burritos and tacos, and employed about 700 workers. [62]
Hormel Food Sales, a unit of Hormel Foods Corporation (NYSE:HRL), voluntarily recalled two varieties of Planters products produced at one of its facilities in April. According to a news release ...
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Oct. 8—Company provided monetary and product donations totaling more than $450,000 to nonprofit partners in September In recognition of Hunger Action Month, Hormel Foods Corporation partnered ...
Hormel Foods Corporation (NYSE:HRL) shares are trading lower on Wednesday. The company reported that fourth-quarter adjusted earnings per share were 42 cents, which is in line with the street view.
Spam (stylized in all-caps) is a brand of lunch meat (processed canned pork and ham) made by Hormel Foods Corporation, an American multinational food processing company.It was introduced in the United States in 1937 and gained popularity worldwide after its use during World War II. [1]