Company Profile
Hormel Foods Corporation, a Delaware corporation (the Company), was founded
by George A. Hormel in 1891 in Austin, Minnesota, as George A. Hormel & Company.
The Company is primarily engaged in the production of a variety of meat and food
products and the marketing of those products throughout the United States and internationally. Although pork and turkey remain the major raw materials for Hormel products, the Company has emphasized for several years the manufacture and distribution of branded,
value-added consumer items rather than the commodity fresh meat business.
The Company's business is reported in five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, International & Other. Domestically, the Company sells its products in all 50 states through Company sales personnel, independent brokers, and distributors. Through Hormel Foods International Corporation, the Company markets its products in various locations throughout the world. Some of the larger markets include Australia, Canada, China, England, Japan, Mexico, and Micronesia. Products are sold to retailers, wholesalers, foodservice distributors and operators, and other outlets worldwide.
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Grocery Products:
Our Grocery Products portfolio features some of America's favorite and
most trusted brands, offering convenient, delicious foods for every meal
occasion.
2015 Net Sales: $1,617.7 million (17% of total), 2015 Operating Profit:
$239.1 million (21% of total)
In 2016, we acquired Justin’s LLC, owner of the Justin’s brand and a pioneer in nut-butter based snacking
Refrigerated Foods:
No matter the eating occasion, the Refrigerated Foods line-up of products
has the brands to deliver flavor, value, and convenience.
2015 Net Sales: $4,372.3 million (47% of total), 2015 Operating Profit:
$425.0 million (38% of total)
In 2015, we acquired Applegate®, the No.1 brand of natural and organic
meats, to meet the growing consumer demand for items with these attributes.
Jennie-O Turkey Store:
Jennie-O Turkey Store is one of the largest turkey processors and marketers
in the world, offering over 1,500 products distributed in more than 20 countries.
2015 Net Sales: $1,635.8 million (18% of total), 2015 Operating Profit:
$276.2 million (24% of total)
Specialty Foods:
Through CytoSport/Century Foods International, Diamond Crystal Brands,
and Hormel Specialty Products, the Specialty Foods segment offers highquality
products to healthcare facilities, retail customers, foodservice operators,
and food manufacturers.
2015 Net Sales: $1,103.4 million (12% of total), 2015 Operating Profit:
$105.9 million (9% of total)
International & Other :
Our International & Other segment results are primarily driven by Hormel
Foods International Corporation, which conducts business around the globe
through joint ventures, licensees, subsidiaries, and direct sales of products
exported from the United States.
2015 Net Sales: $534.7 million (6% of total), 2015 Operating Profit:
$87.9 million (8% of total)
