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Hormel Foods
Based in southeastern Minnesota, Hormel Foods Corporation is a food company with a range of food products, popularly known for its delicious production of Spam luncheon meat. In 1991, George A. Hormel founded the company under the name George A. Hormel & Company in Austin, Minnesota, USA. After 102 years of its establishment, the company changed its name to Hormel Foods Corporation in 1993. The firm has established itself as a multinational producer and seller of consumer-branded meat and food products. Most of the company’s products are reputed and trusted in the food industry. With value-added services in delivering quality, delicious, nutritious, convenient food products, the company has earned a great reputation among the consumers, retail grocers, and foodservice and industrial customers.
History
The company found its beginnings as George A. Hormel & Company in 1891 in Austin, Minnesota. The first plant of the company was built in an abandoned creamery on the banks of Red Cedar River. In a matter of three years, the company expanded itself into a spacious two-story building. The company established its first sales office in Minneapolis, Minnesota, in 1901 when the sale of pork products was flourishing. Subsequently, additional branches and offices were opened in St. Paul, Minnesota, in 1905; Chicago, Illinois, in 1913; Dallas, Texas, in 1916; and Atlanta, Georgia, in 1918. As early as 1917, one third of the revenue of the company ensued from export business. By the year 1924, the units of the company were processing more than one million hogs. World’s first canned ham was developed by the company in 1926. The company developed a sales distribution networks on regular routes relying on sausage trucks owned by the company. By 1933, the company had more than 14 distribution centers across the United States. Apart from an array of products, the world-renowned SPAM luncheon meat was introduced by the company in the year 1937, producing the one billionth can of the product in 1959. In 1982, the company opened a new production facility built in a 1,089,000 square-foot area with the latest technical implants for production. In 1986, the company acquired Jennie-O Foods. Consecutively in three years between 2001 and 2003, Forbes named the company as one of the 400 best companies of America. The company changed its name from Geo. A. Hormel & Company to Hormel Foods Corporation in 1993.
Products & Services
Hormel Foods Corporation produces a range of branded and unbranded food products for retail, foodservice, and fresh product customers. The five operating segments of the company are grocery products, refrigerated foods, Jennie-O Turkey store, specialty foods and all other. The products of the company reflect the culinary traditions of the west in addition to Asian, Indian, Mediterranean and Hispanic. The popular brands of the company are Jennie-O, Dinty Moore, Stagg, and Carapelli apart from Hormel. The range of products manufactured by the company includes hams, bacon, sausages, franks, canned luncheon meats, stews, chilies, hash, meat spreads, shelf-stable microwaveable entrees, salsas and frozen processed foods.
Company Profile
The company has established a number of joint venture and license agreements globally covering countries like Australia, China, Denmark, England, Japan, Korea, Mexico, Panama, the Philippines, Spain, and other nations. HFIC is engaged in exporting food products to over 40 countries. The company has employed over 15,600 employees. The shares of the company are owned by more than 11,200 shareholders. The ticker symbol of the company under New York stock exchange is HRL. The annual sales of the company are $5,745.5M with one year growth of 6.1% (2006). The net income of the company is $286.1M.
Official Website
The official website of the company is Hormel.com. The site gives a broad overview of the products and services of the company. To know more about the market research study reports, company’s corporate profile and related information, the sites listed under references and additional reading can be consulted.
Languages
English
Address
- One Hormel Pl
- Austin MN 55912 US
Additional Information
Related Domains
External Links
- Stock: HRL
- Alexa: Hormel.com
- - 32k Business.com
- [http://www.answers.com/topic/spam-food Answers.com
- Google Finance
- Reuters stock description
- Yaho! Finance Australia
References
1. Hormel.com 2. Wikipedia 3. Answers.com 4. - 55k -Hoovers.com 5. Reuters stock description
