Hormel Foods is a maker and marketer of meat and food products, many of which are among the best known and trusted in the food industry. The company enjoys a strong reputation among consumers, retail grocers, and foodservice and industrial customers for products highly regarded for quality, taste, nutrition, convenience, and value.
Products manufactured by the corporation include hams, bacon, sausages, franks, canned luncheon meats, stews, chilies, hash, meat spreads, shelf-stable microwaveable entrees, salsas and frozen processed foods. These selections are sold to retail, foodservice and wholesale operations under many brands that include ALWAYS TENDER, BLACK LABEL, CARAPELLI, CURE 81, CUREMASTER, DI LUSSO, DINTY MOORE, DUBUQUE, FAST 'N EASY, HERDEZ, HOMELAND, HORMEL, HOUSE OF TSANG, JENNIE-O TURKEY STORE, KID'S KITCHEN, LAYOUT, LIGHT & LEAN, LITTLE SIZZLERS, MARY KITCHEN, OLD SMOKEHOUSE, PATAK'S, PELOPONNESE, RANGE BRAND, ROSA GRANDE, SANDWICH MAKER, SPAM, and WRANGLERS.
Hormel Foods sells products in all 50 states through a direct sales force assigned to offices in major cities throughout the United States. Their efforts are supported by sales brokers and distributors.
The headquarters for Hormel Foods is in Austin, MN, along with its research and development division and flagship plant. Company facilities that manufacture meat and food products are located in Algona, Knoxville, and Osceola, IA; Atlanta, GA; Aurora and Rochelle, IL; Beloit, WI; Fremont, NE; Stockton, CA; and Wichita, KS. Custom manufacturing of selected Hormel Foods products is performed by various companies that adhere to stringent corporate guidelines and quality standards.
Hormel Foods was established in 1891 as Geo. A. Hormel & Company in Austin, MN, by George A. Hormel, an ambitious entrepreneur and the son of German immigrants. Sales of fresh pork products flourished in the 1890s. In 1926, Hormel developed the first canned ham. In 1937, Hormel would introduce a product that would become world-renowned: SPAM Luncheon meat.
The company also has wholly-owned subsidiaries Jennie-O Turkey Store and Dan's Prize, which provides roast beef, corned beef, prime rib and pastrami for foodservice and deli operators.
In fiscal 2010, Hormel reported sales of $7.2 billion, up 11% from the previous year. Net income was $395.5 million.
The company delivers annual profit-sharing bonus on the day before Thanksgiving. In 2008, Hormel distributed $14.8 million to eligible hourly and salaried employees during the Thanksgiving Eve Day tradition for the 70th year.
Compensation & Retirement
Updated July 8, 2011