Hormel Foods Corporation

Hormel Foods Corporation

Hormel Foods Corporation

Overview
Date Founded

1891

Headquarters

1 HORMEL PLACE, AUSTIN, MN, 55912

Type of Company

Public

Employees (Worldwide)

18.8K

Industries

Livestock & Animals
Industrial Machinery & Manufacturing
Food

Company Description

Our founder, George A. Hormel held a strong commitment to quality, which was based on providing his customers a superior product that would keep them coming back for more. This vision is kept alive with products that retain the quality and flavor of the first products he offered. Today, our innovative products are a flavorful part of breakfast, lunch, dinner, snacks and party solutions—all created with convenience in mind to accommodate the busy schedule of you and your family. From the beginning, George was concerned about waste and cleanliness in the process of making great food products. In keeping with his high standards, Hormel Foods has been recognized for quality, safety and employee training. As a responsible steward of the environment, we have set goals to reduce the impact we have on the environment we all share. In addition,Hormel Foods is active through the Hormel Foods Charitable Trust, which focuses its community giving on education, hunger and health. We invite you to become more familiar with the diverse array of wholesome and great-tasting foods that are part of the Hormel brand—as relevant, delicious and high-quality as ever.

Contact Data
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Executives & Employees

President & Chief Operating Officer

Assistant Secretary

Chief Financial Officer & Executive Vice President

Senior Vice President, External Affairs & General Counsel

Vice President, Principal Accounting Officer & Controller

Director of Product & Process Development, Research & Development

Purchasing Director

Director of Sales

Vice President & Treasurer

Executive Vice President Refrigerated Foods

Board of Directors

President & Chief Operating Officer at Hormel Foods Corporation

President, Chief Executive Officer & Director at CNO Financial Group, Inc.

Former Chairman of the Board, President & Chief Executive Officer at Meredith Corp.

Vice President, Business Management at NextEra Energy Resources LLC

Former President & Chief Executive Officer at Land O'Lakes, Inc.

Executive Advisor Partner at Wind Point Partners

President, Chief Executive Officer & Director at Constellation Brands, Inc.

Former Senior Vice President-Research, Development & Engineering & Chief Technical Officer at Ecolab, Inc.

Former President & Chief Executive Officer at Buffalo Wild Wings, Inc.

President, West Division at Comcast Cable Communications LLC

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Owners & Shareholders
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Mairs & Power offers investment management services for equity, fixed income and balanced portfolios. Investment portfolios are tailored to meet the needs and objectives of individual clients. In selecting equity securities, the firm utilizes a bottom up approach focusing on company fundamentals, rather than taking \"market bets\". The Investment Committee monitors specific companies and industry trends and meets regularly to assess their findings. For fixed income, their objective is to provide regular current income and a low level of risk. Mairs & Power typically seeks to keep portfolios reasonably fully invested, maintain modest portfolio turnover rates and limit risk by investing in a laddered schedule of maturities. For balanced portfolio, they utilize the same common stock approach as the equity strategy, but may place a greater emphasis on dividend-paying stocks. Preference is given to investment grade fixed income securities. Their objective is to provide capital growth, current income and preservation of capital.

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PSA provides investment advisory services to ETFs, shares of which are traded in the secondary market. The firm primarily uses mathematical models to simulate the performance of specified indexes, multiples of such indexes, or the inverse thereof. They manage leveraged and inverse ETFs that provide exposure to US and foreign equities, fixed-income, commodity, currency and volatility benchmarks. The funds managed by PSA seek returns that match, are multiples of or are inverse multiples (e.g., 2X, -2X) of the return of an index or other benchmark (target) for a single day. PSA may employ investment strategies that involve the risks associated with the use of derivatives (swap agreements, futures contracts, forwards and similar instruments). The firm primarily uses a passive or mathematical approach to determine the investments a security makes and techniques it employs.

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Unigestion aims to minimize downside losses and generate long-term outperformance by constructing diversified portfolios. Their investment approach is to seek attractive returns from private equity investments, focusing on buyout, growth capital and carefully selected special situations in small and mid-sized companies globally, while seeking diversification of risk.

Recent Transactions
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PepsiCo, Inc. purchases CytoSport, Inc. from Hormel Foods Corporation

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Hormel Foods Corporation purchases Columbus Manufacturing, Inc. from ATP Private Equity Partners, Barings LLC (Private Equity), Arbor Investments Management LLC

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Hormel Foods Corporation purchases Cidade do Sol Alimentos SA

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onHormel Foods Corporation purchases Turkey Store Co.

Accountant

Advised onHormel Foods Corporation purchases Turkey Store Co.

Legal Advisor

Advised onHormel Foods Corporation purchases Columbus Manufacturing, Inc. from ATP Private Equity Partners, Barings LLC (Private Equity), Arbor Investments Management LLC

Legal Advisor

Advised onHormel Foods Corporation purchases Applegate Farms LLC from Swander Pace Capital LLC

Associate

Advised onHormel Foods Corporation purchases Applegate Farms LLC from Swander Pace Capital LLC

Legal Advisor

Advised onHormel Foods Corporation purchases Applegate Farms LLC from Swander Pace Capital LLC

Advisors & Consultants
Legal Advisor

Partner at Faegre Baker Daniels LLP

Legal Advisor

Partner at Faegre Baker Daniels LLP

Legal Advisor

Partner at Faegre Baker Daniels LLP

Clients

PepsiCo, Inc. engages in the manufacture, marketing, distribution and sale of beverages, food, and snacks. It is a food and beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. It operates through the following business segments: Frito-Lay North America; Quaker Foods North America; North America Beverages; Latin America; Europe Sub-Saharan Africa; and Asia, Middle East, and North Africa. The Frito-Lay North America segment markets, distributes, and sells snack foods under the Lay's, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands. The Quaker Foods North America segment includes cereals, rice, and pasta under the Quaker, Aunt Jemima, Quaker Chewy, Cap'n Crunch, Life, and Rice-A-Roni brands. The North America Beverages segment consists of beverage concentrates, fountain syrups, and finished goods under various beverage brands such as Pepsi, Gatorade, Mountain Dew, Diet Pepsi, Aquafina, Diet Mountain Dew, Tropicana Pure Premium, Sierra Mist, and Mug. The Latin America segment covers beverage, food, and snack businesses in Latin America region. The Europe Sub-Saharan Africa segment comprises of beverage, food, and snack goods in Europe and Sub-Saharan Africa regions. The Asia, Middle East, and North Africa segment offers snack food products under the Lay's, Kurkure, Chipsy, Doritos, Cheetos, and Crunchy brands. The company was founded by Donald M. Kendall, Sr. and Herman W. Lay in 1965 and is headquartered in Purchase, NY.

Walmart, Inc. engages in retail and wholesale business. The Company offers an assortment of merchandise and services at everyday low prices. It operates through the following business segments: Walmart U.S., Walmart International, and Sam's Club. The Walmart U.S. segment operates as a merchandiser of consumer products, operating under the Walmart, Wal-Mart, and Walmart Neighborhood Market brands, as well as walmart.com and other eCommerce brands. The Walmart International segment manages supercenters, supermarkets, hypermarkets, warehouse clubs, and cash & carry outside of the United States. The Sam's Club segment comprises membership-only warehouse clubs and samsclubs.com. The company was founded by Samuel Moore Walton and James Lawrence Walton in 1945 and is headquartered in Bentonville, AR.

CJ Corp. engages in managing investments. The company through its subsidiaries operates in the following businesses: Food and Food services, Retail and Logistics, Entertainment and Media, Infrastructure, and Life Science. The company was founded on August 1, 1953 and is headquartered in Seoul, South Korea.

Key Stats and Financials As of 2019
Market Capitalization
$25.8B
Total Enterprise Value
$21.7B
Earnings Per Share
$1.8
Revenue
$9.5B
Enterprise Value Sales
2.28x
Enterprise Value EBITDAOperating
16.24x
TEVNet Income
22.16x
Debt TEV
0.01x
EBITDAMargin
14.06%
EBITDA
$1.34B
Total Debt
$250M
Total Equity
$5.93B
Net Profit
$979M
Three Year Compounded Annual Growth Rate Of Revenue
-0.09%
Five Year Compounded Annual Growth Rate Of Revenue
0.39%
Non-Profit Donations & Grants
$5,000 - $50K
2019
$10K - $25K
2019
Political Donations
$200
2013
$3,900
2012
Investors
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Suppliers
The Middleby Corp. Food | Elgin, Illinois

The Middleby Corp. engages in the design, manufacture, marketing, and distribution of foodservice equipment. It operates through the following segments: Commercial Foodservice Equipment Group, Food Processing Equipment Group, Residential Kitchen Equipment Group, and Corporate and Other. The Commercial Foodservice Equipment Group segment manufactures, sells, and distributes foodservice equipment for the restaurant and institutional kitchen industry. The Food Processing Equipment Group segment includes manufactures preparation, cooking, packaging food handling, and food safety equipment for the food processing industry. The Residential Kitchen Equipment Group segment manufactures, sells, and distributes kitchen equipment such as cookers, stoves, ovens, refrigerators, dishwashers, microwaves, cooktops, wine coolers, ice machines, ventilation, and outdoor equipment for the residential market. The Corporate and Other segment refers to the corporate and other general company assets and operations. The company was founded in 1888 and is headquartered in Elgin, IL.

Silgan Holdings, Inc. Private Equity & Venture Capital | Stamford, Connecticut

Silgan Holdings, Inc. engages in the manufacture and sale of rigid packaging for consumer goods products. It operates through the following business segments: Metal Containers, Closures and Plastic Containers. The Metal Containers segment includes steel and aluminium containers for human and pet food, and general line products. The Closures segment comprises of metal, composite, and plastic closures for food and beverage products. The Plastic Containers segment covers custom designed plastic containers and closures for personal care, food, health care, pharmaceutical, household and industrial chemical, pet care, agricultural, automotive, and marine chemical products. The company was founded by R. Philip Silver and D. Greg Horrigan in 1987 and is headquartered in Stamford, CT.

DXP Enterprises Inc. Wholesale: Industrial Products & Manufacturing | Houston, Texas

Founded as Southern Engine and Pump Company in 1908, DXP was re-chartered in 1979 as Sepco Industries and renamed DXP Enterprises, Inc. in 1996. Over the years, we have strengthened our ability to support our customers by acquiring a diverse group of companies with a powerful corporate focus on product expertise, technical services and MROP supply chain management. Today, DXP is a publicly traded professional distribution management company that provides products and services to a variety of industries through its Innovative Pumping Solutions (IPS), Supply Chain Services and MROP Products and Services. DXP continues to stay on the leading edge of technology, training and products while attracting and retaining the best employees. Our corporate strategy is simply to be the best solution for the industrial customer. Image Gallery Old Pump Skids 1944 Old Pump Skids 1944 General Letter Viking Pumps TL Waker Pump Skid Southern Engine & Pump Company - 1928 Southern Engine & Pump Company - 1928 The following summarizes significant events since management acquired the Company in 1986.

Competitors
The J. M. Smucker Co. Food - Orrville, Ohio

The J. M. Smucker Co. engages in the manufacture and marketing of food and beverage products. It operates through the following segments: U.S. Retail Coffee, U.S. Retail Consumer Foods, U.S. Retail Pet Foods, and International and Away From Home. The U. S. Retail Coffee segment includes domestic sales of Folgers, Dunkin' Donuts, and Café Bustelo branded coffee. The U.S. Retail Consumer Foods segment sells Smucker's, Jif, and Crisco branded products. The U.S. Retail Pet Foods comprises Rachael Ray Nutrish, Meow Mix, Milk-Bone, Natural Balance, Kibbles 'n Bits, 9Lives, Nature's Recipe, and Pup-Peroni branded products. The International and Foodservice segment covers products distributed domestically and in foreign countries through retail channels and foodservice distributors and operators. The company was founded by Jerome Monroe Smucker in 1897 and is headquartered in Orrville, OH.

Conagra Brands, Inc. Food - Omaha, Nebraska

Conagra Brands, Inc. engages in the manufacture and sale of processed and packaged foods. It operates through the following segments: Grocery and Snacks; Refrigerated and Frozen; International; Foodservice; and Pinnacle Foods. The Grocery and Snacks segment includes branded, shelf stable food products sold in various retail channels in the United States. The Refrigerated and Frozen segment comprises branded, temperature controlled food products sold in various retail channels in the United States. The International segment consists branded food products, in various temperature states, sold in various retail and foodservice channels outside of the United States. The Foodservice segment focuses in the branded and customized food products, including meals, entrees, sauces, and a variety of custom-manufactured culinary products packaged for sale to restaurants and other foodservice establishments in the United States. The Pinnacle Foods segment involves in the commercially branded and private label food and ingredients, in various temperature states, sold in various retail and foodservice channels in the United States and Canada. The company was founded by Alva Kinney and Frank Little in 1919 and is headquartered in Chicago, IL.

General Mills, Inc. Food - Minneapolis, MN

General Mills, Inc. engages in the manufacture and marketing of branded consumer foods sold through retail stores. It operates through the following segments: North America Retail; Convenience Stores and Foodservice; Europe and Australia; and Asia and Latin America; and Pet. The North America Retail segment reflects business with a variety of grocery stores, mass merchandisers, membership stores, natural food chains, drug, dollar and discount chains, and e-commerce grocery providers. The Convenience Stores and Foodservice segment consists of ready-to-eat cereals, snacks, refrigerated yogurt, frozen meals, unbaked and fully baked frozen dough products, and baking mixes. The Europe and Australia segment refers to the retail and foodservice businesses in the greater Europe and Australian region, which includes yogurt, meal kits, super-premium ice cream, refrigerated and frozen dough products, shelf stable vegetables, grain snacks, and dessert and baking mixes. The Asia and Latin America segment encompasses the retail and foodservice businesses in the greater Asia and South America regions, which consist of premium ice cream and frozen desserts, refrigerated and frozen dough products, dessert and baking mixes, meal kits, salty and grain snacks, wellness beverages, and refrigerated yogurt. The Pet segment represents the pet food products sold primarily in the United States in specialty channels, including national pet superstore chains, regional pet store chains, neighborhood pet stores, and farm and feed stores; e-commerce retailers; military outlets; hardware stores; veterinary clinics and hospitals; and grocery and mass merchandisers. The company was founded by Cadwallader C. Washburn in 1866 and is headquartered in Minneapolis, MN.

Awards & Honors
Rank #304
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
Rank #304
2016
Fortune Magazine - Fortune 500 Companies
Sponsored by Fortune Magazine
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