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Company Description

Contact Info

1 Hormel Place

Austin, MN 55912

United States

Phone: 507-437-5611

Fax:

Hormel Foods Corporation is engaged in the production of various meat and food products, as well as the marketing of those products throughout the United States and internationally. Internationally, the company markets its products through Hormel Foods International Corporation (HFIC), a wholly owned subsidiary. HFIC has a presence in the international marketplace through joint ventures and placement of personnel in strategic foreign locations, such as Australia, Canada, China, Japan, and the Philippines. HFIC also has a presence with minority positions in food companies in Mexico (Hormel Alimentos, S.A. de C.V., 50% holding) and the Philippines (The Purefoods-Hormel Company, Inc., 40% holding), and in a hog production and processing operation in Vietnam (San Miguel Hormel (VN) Co. Ltd., 49% holding). Segments The company’s business is reported in five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store (JOTS), Specialty Foods, and International & Other. Products and Distribution The company’s products primarily consist of meat and other food products. The meat products are sold fresh, frozen, cured, smoked, cooked, and canned. Perishable meat includes fresh meats, refrigerated meal solutions, sausages, hams, wieners, and bacon (excluding JOTS products). The Poultry category is composed primarily of JOTS products. Shelf-stable includes canned luncheon meats, shelf-stable microwaveable meals, stews, chilies, hash, meat spreads, flour and corn tortillas, salsas, tortilla chips, peanut butter, and other items that do not require refrigeration. The Other category primarily consists of nutritional food products and supplements, sugar and sugar substitutes, dessert and drink mixes, and industrial gelatin products. Domestically, the company sells its products in all 50 states. The company’s products are sold through its sales personnel, operating in assigned territories or as dedicated teams serving major customers, coordinated from sales offices located in most of the larger U.S. cities. The company also utilizes independent brokers and distributors. Through HFIC, the company markets its products in various locations worldwide. Some of the major markets include Australia, Canada, China, England, Japan, Mexico, Micronesia, the Philippines, and South Korea. The company, through HFIC, has licensed companies to manufacture various company products internationally on a royalty basis, with the primary licensees being Tulip International of Denmark and CJ CheilJedang Corporation of South Korea. In 2013, the company acquired the United States based SKIPPY peanut butter business from Conopco, Inc. (doing business as Unilever United States Inc.), of Englewood Cliffs, New Jersey. Customers The company’s major customer includes Wal-Mart Stores, Inc. Research and Development The company’s expenditures for research and development in 2013 included approximately $29.9 million. Patents and Trademarks The company holds 45 U.S.-issued and ten foreign patents. Most of the trademarks are registered. Some of the more significant owned or licensed trademarks used by the company or its affiliates are as follows: HORMEL, ALWAYS TENDER, AMERICAN CLASSICS, AUSTIN BLUES, BLACK LABEL, BREAD READY, BÚFALO, CAFÉ H, CALIFORNIA NATURAL, CHI-CHI’S, COMPLEATS, COUNTRY CROCK, CURE 81, CUREMASTER, DAN’S PRIZE, DI LUSSO, DINTY MOORE, DODGER DOG, DON MIGUEL, DOÑA MARIA, DUBUQUE, EMBASA, ESSENCE C, FARMER JOHN, FAST ‘N EASY, FIRE-BRAISED, HERB-OX, HERDEZ, HIBACHI GRILL, HOMELAND, HOUSE OF TSANG, JENNIE-O, JENNIE-O TURKEY STORE, KID’S KITCHEN, LA VICTORIA, LAYOUT, LITTLE SIZZLERS, LLOYD’S, MANNY’S, MARY KITCHEN, NATURAL CHOICE, NATURASELECT, NOT-SO-SLOPPY-JOE, OLD SMOKEHOUSE, PELOPONNESE, PILLOW PACK, POCO PAC, PREP CHEF, PREMORO, RANGE BRAND, REV, ROSA GRANDE, SAAG’S, SANDWICH MAKERS, SAUCY BLUES, SKIPPY, SPAM, STAGG, TEZZATA, THICK & EASY, VALLEY FRESH, WHOLLY GUACAMOLE, WHOLLY SALSA, and WRANGLERS. Country Crock remains a registered trademark of the Unilever Group of Companies and is being used under license. Competition The company’s competitors include Tyson Foods, Inc. and Smithfield Foods, Inc. in the Refrigerated Foods segment; ConAgra Foods, Inc., General Mills, Inc., Campbell Soup Co., and J. M. Smucker Co. in the Grocery Products segment; and Cargill, Inc. and Butterball, LLC in the JOTS segment. History Hormel Foods Corporation was founded in 1891.

 

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TEV/Sales 1.4x
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