20 February 2014
Hormel Foods has booked a jump in first-quarter sales and earnings, boosted by the acquisition of the Skippy peanut butter brand.
17 January 2014
US food group Hormel Foods has confirmed plans to transfer additional production volumes to its processing facility in Dubuque in Iowa.
6 January 2014
M&A levels remained relatively subdued in 2013. Growing private-equity interest and something of a shift in capital flows to mature markets have been significant trends shaping the M&A landscape. While gaining routes-to-market in emerging economies has remained key for strategic buyers. Katy Askew examines some of the stand-out deals of the past 12 months.
26 November 2013
Hormel Foods has booked an increase in full-year earnings on the back of growth in all but one of its divisions.
9 September 2013
The Barclays Back to School Conference kicked off earlier this week - a three-day event that saw company executives gather to discuss their plans and outlook with investors and analysts. Manufacturers participating in the event included PepsiCo, General Mills, Mondelez International and Hormel Foods. Elsewhere, Delhaize named ex-Metro Group executive Frans Muller as its new CEO - and also announced the head of its US business, its largest market, would leave the company.
6 September 2013
US food group Hormel Foods has said it expects an increased focus on its international business to be a key driver of faster growth for the company heading into fiscal 2014.
23 August 2013
US food group Hormel Foods has said it is "heading in a good direction" with its refrigerated foods business, despite the unit performing "weakly" in the third quarter.
22 August 2013
Hormel Foods said today (22 August) it recorded "solid" earnings and sales in its third quarter and reiterated its full-year guidance.
12 August 2013
Unilever said today (12 August) it had struck a deal to sell its Wish-Bone and Western dressings brands to US food group Pinnacle Foods for US$580m.
31 July 2013
Grupo Herdez, the Mexico-based company, has booked higher half-year profits thanks to a "strong" organic performance and the acquisition of frozen yoghurt business Nutrisa.
18 July 2013
US consumer branded meat and food products firm Hormel Foods is targeting the teen market with the launch of a wrap range.
16 July 2013
Hog company AgFeed USA has filed for Chapter 11 bankruptcy protection, citing a dispute with Hormel Foods.
24 June 2013
US food groups General Mills and ConAgra Foods report their annual results next week. Meanwhile, US peer Hormel Foods holds its annual investor day.
21 June 2013
Unilever's US salad dressings business, Wish-Bone, has reportedly attracted interest from food firms B&G Foods and Pinnacle Foods.
18 June 2013
Hormel Foods saw its share price slide today (18 June) after the Spam owner issued a profit warning.
17 June 2013
Unilever has remained silent over reports it is looking for a buyer for its Wish-Bone salad dressings business in the US.
23 May 2013
US food group Hormel Foods has booked a drop in first-half earnings, hurt by costs related to its Skippy acquisition, higher grain costs and weak turkey prices.
20 May 2013
UK meat processor Cranswick, dairy group Dairy Crest and Marks and Spencer, perhaps the most scrutinised name on the country's high street, are all set to announce annual results next week. In the US, Spam owner Hormel Foods will post its half-year results.
15 May 2013
US food group Hormel Foods has enlisted DKSH, the import, sales and marketing agency in Asia, to help expand it in the region.
28 March 2013
Hormel Foods's MegaMex Foods venture has launched a range of Mexican cooking sauces in the US.
8 March 2013
A major investor in Smithfield Foods has called on the US meat giant's board to consider splitting the company in three.
21 February 2013
US food group Hormel Foods has recorded an increase in first-quarter profit.
7 January 2013
Last week may have been the first week back at our desks after the new year, but we hit the ground running with news that Unilever sold its Skippy peanut butter business to Hormel Foods.
4 January 2013
The sale of Unilever's Skippy business was confirmed yesterday (3 January) when it was announced that the iconic peanut butter brand would find a new home with Hormel Foods. While Hormel clearly has big plans for Skippy, Unilever will be hoping that an increased focus will benefit its food portfolio. In part one of our two-part analysts, Katy Askew looks at how Hormel hopes the deal will benefit its bottom line.
4 January 2013
News that Unilever has sold its Skippy peanut butter brand comes as little surprise. The well-flagged disposal follows a number of divestments in the packaged food space. The consumer goods giant is clearly hoping that its food interests will benefit from greater focus, while the decision to shed a largely US-leaning brand reflects Unilever's disposition towards emerging markets. Katy Askew reports.
4 January 2013
It may have been just-food's first week back after the Christmas break, but we hit the group running with the news that Unilever has sold its Skippy peanut butter brand to Hormel.
3 January 2013
Hormel Foods will acquire the Skippy peanut butter brand from Unilever for a consideration of around US$700m, it emerged today (3 January).
20 November 2012
US food group Hormel Foods saw its profits accelerate in the final quarter of its financial year amid stronger earnings from its grocery products business.
12 October 2012
Hormel Foods is preparing to launch Jennie-O Turkey Tacos Mini Soft Taco Kits in a bid to appeal to US consumers looking for a "better-for-you" snack or light meal.
26 September 2012
Hormel Foods has promoted James Snee to lead the US group's international operations.