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Hormel Deli Solutions Launches New Brand Offering Consumers a Touch-Free Dinner Experience
As more consumers shop for touch-free meal options that are not challenging or time consuming to prepare, yet still deliver on quality, taste and convenience, retailers can turn to the Hormel Deli Solutions Group for the "perfect" selection. The new Perfect Plate™ products are made to make it easy for retailers to deliver what consumers are looking for in a touch-free, convenient meal while easing the back of house challenges that may come with prepared meal products.
"Our new Perfect Plate™ products were specifically designed for retailers to capitalize on this growing trend in prepared meal options, while eliminating the need for deli staff to assemble, or even handle the food before putting it on shelf," said Megan Ward, deli brand manager, Hormel Deli Solutions Group. "The Perfect Plate™ products offer...
Hormel Foods Announces Executive Appointments
Hormel Foods Corporation, a global branded food company, announced the appointments of Jeff Frank to vice president of Grocery Products, leading the strategic integration of the Planters and Corn Nuts brands into Hormel Foods. The Planters and Corn Nuts acquisition was announced on February 11, and is expected to be completed by the summer. Frank currently serves as vice president of marketing for the Foodservice business within Hormel Foods. Additionally, Annemarie Vaupel, currently director of marketing for the Foodservice division, will advance to vice president of marketing for the Foodservice division.
"The Planters acquisition is the largest in the company's history and one that is going to require dedicated leadership and significant focus," said Jim Snee, chairman of the board, president and chief executive officer. "Jeff has broad experience within Hormel Foods and...
Hormel Foods Reports First Quarter Results And Provides Full Year Guidance
Hormel Foods Corporation, a leading global branded food company, reported results for the first quarter of fiscal 2021. All comparisons are to the first quarter of fiscal 2020 unless otherwise noted. Operating free cash flow is presented as a non-GAAP metric.
Executive Summary - First Quarter
Hormel Foods Adds Another Strategic Leading Brand to its Portfolio with the Acquisition of Planters
Hormel Foods Corporation, a global branded food company, announced that it has entered into a definitive agreement to acquire the Planters® snack nut portfolio from the Kraft Heinz Company. The proposed transaction is expected to close in calendar Q2 2021, subject to regulatory review and approval. The acquisition includes the Planters®, NUT-rition®, Planters®Cheez Balls and Corn Nuts®brands. Hormel Foods will acquire the business for $3.35 billion in cash in a transaction that provides a tax benefit valued at approximately $560 million, equating to an effective purchase price of $2.79 billion.
"Planters®is an iconic leading snack brand with universal consumer awareness," said Jim Snee, chairman of the board, president and chief executive officer of Hormel Foods. "The acquisition of the Planters®business adds another...
Hormel Foods Announces the Retirement of Glenn Leitch, Executive Vice President, Supply Chain
Hormel Foods Corporation announced that Glenn Leitch, executive vice president of supply chain, will retire during the second calendar quarter of 2021. Mark Coffey, currently senior vice president of supply chain and manufacturing for Hormel Foods, will advance to group vice president of supply chain and will lead the company's global supply chain. Additionally, Jen Ehresmann was named to vice president of supply chain. The company's supply chain includes more than 30 production facilities and co-packing partners, producing thousands of products sold worldwide.
"Glenn's expertise has been invaluable as we have optimized our global supply chain to be more strategic, cost-effective and agile to meet the needs of today's changing marketplace," said Jim Snee, chairman of the board, president and chief executive officer of Hormel Foods. "During this last year, facing an...
Survey: Meat Will Be a Key Ingredient for Americans Resolving to Eat Better in 2021
As many Americans are into week one of a new eating regimen, Applegate found that 72% of those surveyed believe meat should be part of a healthy diet and that 55% are resolving to cut back on sugar.
Despite the rising popularity of plant-based trends and lab-created “meat” substitutes, the survey found 58% of adults have no plans to consume less meat in 2021 and illustrated how consumers are seeking natural and organic meat products with...
Hormel Foods and Acclaimed Chefs Reveal Top Food Trends for 2021
Goodbye, 2020, and hello 2021! Hormel Foods Corporation, a global branded food company, is helping culinary enthusiasts around the world welcome 2021 with an exciting round-up of food trends to expect in the new year.
"It's no surprise that comfort food, sourdough bread and whipped coffee had big moments this past year, as people hunkered down and spent more time at home than ever before," said Heather Vossler, director of innovation and insights at Hormel Foods. "What's interesting is that as we all eagerly look ahead to the fresh start of a new year, we're seeing...
Hormel Foods Opens its Newest Production Facility
Hormel Foods Corporation, a global branded food company, announced the opening of its newest production facility, Papillion Foods, located in Papillion, Nebraska, which will make dry sausage products for the company.
"We are excited to be opening up this facility to not only help meet the demand for our branded sausage products, but also provide fantastic career opportunities in our community," said Ed Finnegan, Papillion Foods plant manager. "We've been able to...
Hormel Foods Reports Fourth Quarter and Fiscal 2020 Earnings
Hormel Foods Corporation reported results for the fourth quarter of fiscal 2020. All comparisons are to the fourth quarter of fiscal 2019 unless otherwise noted.
The impact of the Sadler's Smokehouse acquisition (March 2020) is excluded in the presentation of the fourth quarter of fiscal 2020 non-GAAP measures of organic volume and organic net sales. The impact of the CytoSport divestiture last year is excluded from...
Hormel Foods Announces the Advancement of Paul Kuehneman and Eldon Quam to Assistant Controllers
Hormel Foods Corporation announced the appointments of Paul Kuehneman and Eldon Quam to assistant controllers.
Kuehneman will lead all financial responsibilities for supply chain, Jennie-O Turkey Store and product costing, including financial analysis, management reporting and forecasting. Quam will oversee all financial operations for the Grocery Products and International segments, along with leading financial shared services, revenue and budgeting. They will both report to Jana Haynes, vice president and controller at Hormel Foods.
"Both Paul and Eldon bring expansive technical capabilities along with...
Hormel Foods Announces Plant Manager Advancements, Retirement
Hormel Foods Corporation announced the advancements of several plant managers as a result of the company's recently announced retirement and advancements in its operations leadership.
Jennie-O Turkey Store Joins the 2020 Macy's Thanksgiving Day Parade
Jennie-O Turkey Store, a wholly-owned subsidiary of Hormel Foods, a global branded food company, will debut a delectable float in the 94th annual Macy's Thanksgiving Day Parade®. During the annual spectacle, the inaugural Jennie-O float will be unveiled to more than 50 million viewers nationwide on Thursday, November 26, live from 34th Street. The addition of the Jennie-O float marks the first time the event and holiday synonymous with turkey will feature a turkey brand.
Since 1940, Jennie-O Turkey Store has helped families across America and in more than 40 countries serve traditional and innovative Thanksgiving meals while creating lasting memories...
Hormel Foods Introduces Two New Flavors of Hormel Black Label Bacon
The makers of Hormel Black Label bacon are reinventing bacon once again with the launch of – Hormel Black Label Ranch Thick Cut Bacon and Hormel Black Label Classic Country Style Thick Cut Bacon.
The Hormel Black Label team brought the flavor and versatility of ranch to life with the latest innovation of Hormel Black Label Ranch Thick Cut Bacon. Ranch lovers can rejoice, because this new flavor is hand-rubbed with ranch seasoning and naturally hardwood smoked to create an irresistible flavor.
"Our team combined American's favorite condiment with thick-cut bacon to create Hormel Black Label bacon hand-rubbed with...
Hormel Foods Appoints Leslie Lee Vice President of Digital Experience
Hormel Foods Corporation announced the appointment of Leslie Lee as vice president of digital experience.
In this role, Lee will lead the company's growing digital and e-commerce business strategy, which has seen significant growth in the last few years as more consumers look online for their favorite brands and products. Lee will oversee digital marketing, e-commerce operations and innovation, digital product management, data analytics, and...
Hormel Foods Announces Executive Retirements and Advancements
Hormel Foods Corporation announced the retirements of Donnie Temperley, vice president of Refrigerated Foods operations, and Tim Fritz, vice president of Grocery Products operations. Both retirements will be effective in spring 2021.
The company also announced the advancement of Clint Walters, currently plant manager of the company's Austin, Minn., manufacturing facility, to the position of vice president of Refrigerated Foods operations, and...
Hormel Foods Appoints Pierre Lilly Senior Vice President and Chief Compliance Officer
Global branded food company Hormel Foods Corporation announced the appointment of Pierre Lilly as senior vice president and chief compliance officer for the company's worldwide operations.
As chief compliance officer, Lilly will be responsible for overseeing compliance, risk and ethics within the organization, and ensuring compliance with laws, regulatory requirements, policies and procedures. Lilly will report to Jim Snee, chairman of the board, president and chief executive officer.
"Hormel Foods has long been committed to conducting our business with the highest level of integrity and in full compliance with...
Demand for Grass-Fed Beef Products to Boost Market Growth
The grass beef market size is poised to grow by $14.50 billion during 2020-2024, progressing at a CAGR of over 6% throughout the forecast period, according to the latest report by Technavio.
The major grass beef market growth came from the fresh grass-fed beef products segment. The awareness of the health benefits of grass-fed beef such as higher content of omega-3 fatty acids linoleic acid and antioxidant vitamins like vitamin E fuel its demand in the US, Australia, and other markets. This consequently adds to the revenue, thus boosting...
Hormel Introduces Hormel Black Label Egg Bites and Breakfast Combos
The makers of Hormel® Black Label® bacon products, a leader in breakfast meats in America, announced today the launch of Hormel™ Black Label™ Oven-Baked Egg Bites and Hormel™ Black Label™ Breakfast Combos™ breakfast items. The new convenience offerings are designed to appeal to the many millions of consumers who want a high-quality, easy-to-prepare breakfast option with protein. Both product lines come in assorted varieties.
"Breakfast is often considered the most important meal of the day, and now it's about to become the best one," said Nick Schweitzer, senior brand manager for Hormel Foods...
Hormel Partners with Papa Murphy's Pizza to Launch New Plant-Based Pepperoni Style Topping
Hormel Foods, the makers of Hormel® Pepperoni, America's No. 1 selling pepperoni brand* and the maker of the Happy Little Plants® products, are introducing new Happy Little Plants® pepperoni style topping at select Papa Murphy's locations across the country.
"Chefs and restaurateurs are very aware of today's dynamic food landscape and consumers' desire to add more plant-based foods to their diets, and we are very excited to bring this great-tasting, plant-based option to our partners at Papa Murphy's," said Anthony Panichelli, foodservice pizza toppings brand manager at Hormel Foods...
Hormel Foods Reports Third Quarter Results
Hormel Foods Corporation reported results for the third quarter of fiscal 2020. All comparisons are to the third quarter of fiscal 2019 unless otherwise noted.
The impact of the Sadler's Smokehouse acquisition (March 2020) is excluded in the presentation of the third quarter of fiscal 2020 non-GAAP measures of organic volume and organic net sales. Operating free cash flow is also presented as a non-GAAP metric.
Executive Summary - Third Quarter
Hormel Ingredient Solutions Launches New Plant-Based Alternatives
With consumers clamoring for more plant-based products, Hormel Ingredient Solutions announced the launch of a new line of plant-based ingredient solutions available to food manufacturers across the country.
“These new products are designed to help food manufacturers incorporate more plant-based foods into their offerings for the growing number of consumers interested in adding these items to their diets,” said Paul Sheehan, director of sales for Hormel Ingredient Solutions.
Powered by pea protein, the new plant-based offerings include...
Lloyd's Barbeque Introduces Pulled Pork and Chicken Products
The makers of Lloyd’s barbeque products announced its pecanwood smoked pulled pork and hardwood smoked chicken made with 2-time world barbeque sauce champion Pig Beach Mustard BBQ Sauce.
Winner of the 2014 and 2016 Memphis in May World Championship Barbecue Cooking Contest, Pig Beach Mustard BBQ Sauce is a perfect match for Lloyd’s lightly seasoned hardwood smoked pulled meats. Recognized by USA Today as the “Most Prestigious Barbecue Contest,” the Memphis in May World Championship Barbecue Cooking Contest is a four-day competition held in Memphis, Tenn., that draws nearly 250 teams competing from around the world.
“Barbeque is all about bringing families and friends together,” said Eric Jacobson, Lloyd’s barbeque brand manager. “Our new hardwood smoked pulled meats made with...
Hormel Foods Announces Retirement
Hormel Foods Corporation announced the upcoming retirement of Jim Splinter, group vice president, corporate strategy. Splinter's long tenure with the company includes leading the company's successful Grocery Products division and holding executive positions with the Refrigerated Foods and Jennie-O Turkey Store divisions.
Most recently, Splinter led corporate strategy for Hormel Foods, including corporate innovation, digital experience, communications and corporate development, including leading the M&A pipeline, which resulted in several important acquisitions over the last few years.
Under his leadership, Hormel Foods formed its digital and e-commerce center of excellence and its agile and incubator centers, resulting in the successful introduction of...
Hormel Foods Announces Retirement and Advancements
Hormel Foods Corporation, a global branded food company, today announced the upcoming retirement of Larry Vorpahl, group vice president and president of Hormel Foods International Corporation. As a result, Swen Neufeldt, currently vice president of Meat Products marketing for the company’s Refrigerated Foods division, has been named group vice president and president of Hormel Foods International Corporation. Lisa Selk, currently director of Hormel Health Labs and the company’s CFI business, will assume the post of vice president of Meat Products marketing for Refrigerated Foods. Vorpahl’s retirement and the related moves will be effective this summer.
Hormel Foods Chairman of the Board, President and Chief Executive Officer Jim Snee commended Vorpahl on what he called...
Hormel Foods Reports Second Quarter Results
Hormel Foods Corporation today reported results for the second quarter of fiscal 2020. All comparisons are to the second quarter of fiscal 2019 unless otherwise noted.
The impact of the Sadler’s Smokehouse acquisition (March 2020) and the CytoSport divestiture (April 2019) are excluded in the presentation of the non-GAAP measures of organic volume and organic net sales. The impact of the one-time gain associated with the CytoSport divestiture last year is excluded from prior year adjusted pretax earnings and adjusted diluted earnings per share. Operating free cash flow is also presented as a non-GAAP metric.
Hormel Natural Choice Lunch Meat Announces New Hardwood Smoked Product Line
The makers of Hormel Natural Choice premium lunch meat have launched a new line of slow-smoked products called Natural Choice hardwood smoked lunch meats. These expertly crafted products – smoked in netting over real wood chips for over four hours – include exciting flavors like applewood ham, applewood turkey with garlic and herbs, pecanwood ham with sweet black pepper and pecanwood ham with brown sugar.
"We leaned into the real smoke and premium ingredients with this line and are offering consumers that great hardwood smoked flavor, without having to fire up the smoker," said Samantha Hovland, Natural Choice brand manager. "Lunchtime is a busy time for people, so we're helping...
Applegate Farms Unveils Well Carved Product Line
Applegate introduced a new line of organic blended burgers and meatballs designed to satisfy consumers who are mindful of their meat intake. The new, chef-crafted Well Carved product line combines meat with whole vegetables, legumes and grains, and continues the brand’s mission – Changing The Meat We Eat.
“The Well Carved product line is a bold, direct challenge to the newly established wisdom that the only way to eat meat responsibly is to settle for a highly processed soy or pea-based burger—or to not eat meat at all,” said John Ghingo, president of Applegate. “Well Carved products offer a way for consumers to enjoy the real, clean meat they crave along with the vegetables that promote health and a healthier planet.”
To that end, all Well Carved products are made exclusively with organic meat and vegetables, and none of the...
Jennie-O Turkey Store to Reopen Willmar Facility
Jennie-O Turkey Store, Inc., announced that it has reopened its Benson Avenue facility, in Willmar, Minn., following a voluntary pause due to impact of COVID-19 in the area. The company restarted operations yesterday with a core group of team members and plans to ramp up production over the next few days.
Steve Lykken, president of Jennie-O Turkey Store said, “We remain committed to our industry-leading efforts to maintain and enhance safety protections for our team members and this community. We are glad to be reopening this facility and are working on our plans for reopening our other facilities including another location in Willmar and in Melrose, both in Minnesota. We have put the safety of our staff first throughout this pandemic and...
Research and Markets: Global Meat Snacks Market, Forecast to 2025
The global meat snacks market is expected to register a CAGR of 9% during the forecast period, 2019 to 2024.
The market is driven by the increased demand for snacks that are rich in nutrients, such as omega-3s, iron, and vitamin B12. The portable snacks make it a convenient option for consumers requiring healthy meat snacks for on-the-go. The rapid growth of the e-commerce sector will also aid the growth of the market by offering a wide array of meat snacks for online purchase.
Increasing Popularity of Sausages, Globally
Consumers are increasingly purchasing three major varieties of meat snacks, such as jerky, sticks, and sausages. While jerky is popular in North America and Europe, sausages are...
Rochelle Foods to Reopen Monday with Industry-Leading Health and Safety Measures
Rochelle Foods, LLC announced that it will reopen as scheduled Monday, May 4, following a 14-day voluntary closure.
The facility, which makes grocery, foodservice and specially-formulated cancer nutrition products, completed testing of its team members last week with the vast majority of them testing negative. Of those who tested positive, numerous people had no noticeable symptoms. During the pause in operations, additional enhanced safety procedures were implemented including deep cleaning of high-touch areas, reconfiguration of common areas and workstations, revised shift scheduling, new guidelines on carpooling and...
Hormel Launches Pepperoni Cup N' Crisp
The makers of Hormel Pepperoni announced the launch of Hormel Pepperoni Cup N' Crisp, a premium pizza topping uniquely crafted to cup and crisp, bringing high-quality restaurant flavor to kitchen tables everywhere.
Unlike traditional lay flat pepperoni, Hormel Pepperoni Cup N' Crisp curls into a bowl shape as it cooks to crispy perfection. Also known as "roni cups" or "cup and char" pepperoni, Hormel Pepperoni Cup N' Crisp provides an experience that no other retail pepperoni can provide.
"Few things satisfy your senses and capture your attention more than a pepperoni pizza fresh out of the oven," said Shane Ward, Hormel Pepperoni brand manager. "Hormel Pepperoni Cup N' Crisp is intensely flavored and...
While Chicken Sandwich Wars in the U.S. Intensify, Burgers Still Rule the Roost
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