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Tag: hormel
Hormel Dissolves JV with Precept Foods
2014-12-10 19:20:09| Food - Topix.net
Hormel Foods Corp., Austin, Minn., and Excel Fresh Meats, a subsidiary of Cargill, dissolved their joint venture with Precept Foods LLC. "Effective at the end of fiscal 2014, we dissolved our Precept Foods partnership by mutual decision with Cargill Meat Solutions," according to a statement produced by Hormel Foods. "Sales of $115 million were associated with this business, but we do not anticipate a material impact to segment profit as a result of this change.
Hormel Foundation announces 2015 budget
2014-12-10 02:36:16| Food - Topix.net
Those grants will be going to about 30 Austin-area organizations like the Salvation Army, the Hormel Institute, the United Way and more. "The dividends that we receive from Hormel enable us to do all of these projects," said Hormel Foundation Treasurer Jerry Anfinson, "Hormel just recently announced a 25 percent increase in the dividend.
Tags: foundation
budget
announces
hormel
Hormel to shutter California cannery
2014-12-02 09:09:58| Food - Topix.net
Hormel Foods Corp. announced that due to falling profits for its canned food lines, the company would be closing its Stockton, Calif. processing plant by the end of February.
Tags: california
shutter
cannery
hormel
Hormel Foods - No Appeal Yet, Following A Very Modest Correction
2014-11-29 23:10:06| Food - Topix.net
The resulting modest sell-off does not create appeal yet as the valuation remains at premium levels despite the strong track record and very strong balance sheet. Hormel Foods already announced the results for the fiscal year this week.
Tags: very
appeal
correction
foods
Food industry quotes of the week; Asda, Hormel, Greencore
2014-11-28 18:04:31| Food - Topix.net
This week, Asda was reported as having the highest rate of campylobacter-contaminated chicken. On the mergers and acquisitions side, Abraaj raised its bid yet again for Bisco Misr.
Tags: week
food
industry
quotes
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