Hormel Foods
Deli meat, ethnic foods, pantry foods, Spam | |
Brands |
|
---|---|
Revenue | US$9.497 billion (2019)[2] |
US$1.2 billion (2019)[3] | |
999,987,000 United States dollar (2022) | |
Total assets | US$8.10 billion (2019)[2] |
Number of employees | 20,000 (2019)[4] |
Divisions | Grocery products Refrigerated foods Jennie-O turkey store Specialty foods International |
Subsidiaries | Applegate Farms, LLC Bruke Marketing Corporation Cidade do Sol Columbus Manufacturing Inc. Dan's Prize Inc. Fontanini Foods Hormel Foods Australia Pty. Ltd. Hormel Foods Canada Jennie-O Justin's, LLC Megamex Foods, LLC Okinawa Hormel Ltd. The Purefoods-Hormel Company Inc. (joint venture with San Miguel Food and Beverage) Sadler's Smokehouse |
Website | hormelfoods |
Hormel Foods Corporation, commonly known as Hormel Foods or simply Hormel, is an American food processing company founded in 1891 in
. The company's products are available in over 80 countries worldwide.History
1890–1920
The company was founded as George A. Hormel & Company in Austin, Minnesota, by George A. Hormel in 1891. It changed its name to Hormel Foods in 1993.
To make ends meet in those early days, Hormel continued to trade in hides, eggs, wool, and poultry. The name Dairy Brand was first used in 1903.
In 1915, Hormel began selling dry sausages under the names of Cedar Cervelat, Holsteiner and Noxall Salami.[9]: 79 Hormel products began appearing in national magazines, such as Good Housekeeping, as early as 1916.[10]
1920–1950
In 1921, when George's son Jay Hormel returned from service in the World War I, he uncovered that assistant controller Cy Thomson had embezzled $1,187,000 from the company over the previous ten years.[11] The scandal provided George Hormel with additional incentive to professionalize his company. He did so by arranging for more reliable capital management, by dismissing unproductive employees, and by continuing to develop new products,[12]: 90–103 reportedly with the mantra “Originate, don't imitate".[13] In 1926, the company introduced Hormel Flavor-Sealed Ham, America's first canned ham,[14] and added a canned chicken product line in 1928.[11] Throughout the 1930s, Hormel ads were featured on the radio program The George Burns and Gracie Allen Show.[15]
Hormel Chili and Spam were introduced in 1936 and 1937 respectively.[16][11] In 1938, Jay C. Hormel introduced the "Joint Savings Plan" which allowed employees to share in the profits of the company.[17]
In 1933, workers, led by itinerant butcher Frank Ellis, formed the Independent Union of All Workers and conducted one of the nation's first successful sit-down strikes; the union would later join the Congress of Industrial Organizations (CIO, later AFL-CIO).[18][19][20]
By 1942, George and Jay established
1950–2000
In 1959, Hormel was the first meatpacker to receive the Seal of Approval of the
: 270Little Sizzlers sausages were introduced in 1961 and Cure 81 hams were introduced in 1963. Unfortunately Little Sizzler's sausage has been discontinued per 10/10/19 email from Hormel's Customer Service.[16]
Not-So-Sloppy-Joe Sloppy Joe sauce made its debut in 1985.
In August 1985,
Workers had already labored under a wage freeze and dangerous working conditions, leading to many cases of repetitive strain injury. When management demanded a 23% wage cut from the workers they decided to begin the strike.[29] It became one of the longest strikes of the 1980s.
The local chapter of the
2000–2010
The Spam Museum in Austin, Minnesota, was opened in 2001.[31] That same year, Hormel Foods acquired The Turkey Store, the business was combined with Jennie-O Foods to form Jennie-O Turkey Store.[32]
According to Triple Pundit, Hormel Foods began CSR reporting in 2006.[33] The company has been included in Corporate Responsibility magazine's list of the "100 best corporate citizens" for 10 consecutive years.[34]
In 2008 an article in the New York Times, "SPAM Turns Serious and Hormel Turns Out More", detailed an overwhelming spike in the demand for SPAM, perhaps due to the flagging economy.
In September 2008, animal rights organization
2010–present
In 2011, Hormel Foods announced a two-for-one stock split.[42] In 2013, Hormel Foods purchased Skippy—the best-selling brand of peanut butter in China and the second-best-selling brand in the world—from Unilever for $700 million; the sale included Skippy's American and Chinese factories.[43]
In May 2015, Hormel revealed it would acquire meat processing firm Applegate Farms for around $775 million, expanding its range of meat products.[44]
In 2015, the Hormel Health Labs division of Hormel Foods launched its Hormel Vital Cuisine line of packaged ready to eat meals, nutrition shakes and whey protein powders geared towards cancer patients and made available for home delivery. The line was developed in concert with three parties, as "Hormel brought food formulation, packaging and shelf stability knowledge, (chef de cuisine) Ron DeSantis brought taste and texture expertise, and the Cancer Nutrition Consortium offered the nutritional framework."[45]
In 2015, SPAMMY became available for purchase under Title I for U.S. Department of Agriculture (USDA) feeding programs and Title II for U.S. Agency for International Development (USAID) programs under the name fortified poultry-based spread (FPBS).[46] Four years earlier, the company had made an initial three-year commitment to deliver 1 million cans of this product to in-need families in Guatemala.[47]
Also in 2015, after an undercover investigation by a group known as
In 2016, Peak Rock Capital purchased the Diamond Crystal Brands Inc. unit, purchased by Hormel in 2002 for $155 million from Imperial Sugar.[50][51] Also in 2016, Hormel acquired the nut butter producer Justin's for 280 million.[52]
In 2016, 2017, and 2018, the company was named as one of the Human Rights Campaign's Best Places to Work for LGBT equality.[53] In 2019, Hormel was again named to one of the best places to work for LGBT equality, as the company obtained a 95 out of 100 score in the Human Rights Campaign's Corporate Equality Index. The almost-perfect score was due to the area of "equivalency in same and different-sex domestic partner medical and soft benefits", where Hormel received half-credit for providing parity in some, but not all, benefits.[54]
In 2017, Hormel sold Clougherty Packing, owner of the Farmer John and Saag's brands, to Smithfield Foods.[55]
In October 2017, Hormel announced it would acquire deli meat company Columbus Manufacturing for $850 million.[56]
In 2017,
According to the Military Times, the company has been listed in the top 100 Best for Vets Employers category consistently since 2013.[58]
In April 2019, together with Harvard University Dining Services, the company hosted the Small Change Big Impact Food Summit at Harvard University.[59]
In September 2019, Hormel Foods announced that they had achieved their non-renewable energy use reduction goal a year ahead of schedule.[60]
Also in September 2019, the company launched a vegetarian meat alternative called Happy Little Plants for foodservice and retail customers.[61]
On September 18, 2020, Hormel Foods hosted the world's largest virtual pizza party, when more than 3,000 people joined a Zoom-hosted pizza party. In order to break the record, at least 500 photos of individuals needed to be uploaded during the one-hour event. The final tally was 907 photos.[62]
In February 2021, Kraft Heinz announced it would be selling its Planters and its other nuts businesses to Hormel for $3.35 billion.[63]
Effect of the COVID-19 pandemic
On April 18, 2020, local health officials shut down a Hormel Foods plant in
In October 2020, Hormel launched a bacon scented protective mask giveaway charity promotion.[68]
Leadership timeline
George A. Hormel[12] | 1891–1926 |
Jay C. Hormel[12] | 1926–1954 |
H.H. Corey[69] | 1954–1965 |
R.F. Gray[70] | 1965–1968 |
M.B. Thompson[71] | 1968–1972 |
I.J. Holton[12]: 156–157 | 1972–1981 |
Richard Knowlton[72] | 1981–1993 |
Joel Johnson[26] | 1993–2006 |
Jeff Ettinger[73] | 2006–2016 |
James Snee[1] | 2016– |
MegaMex Foods
In 2009, California-based MegaMex Foods was created as a joint venture by US-based Hormel and Mexico-based
Don Miguel Foods Corporation was acquired by MegaMex in 2010. Don Miguel manufactured fresh and frozen prepared foods, such as mini tacos, flautas, taquitos, empanadas, burritos and roller grill items.[75]
In 2011, MegaMex acquired Texas-based Fresherized Foods, one of the largest provider of refrigerated guacamole in the United States and the manufacturer of Wholly Guacamole, Wholly Salsa, and Wholly Queso.[76]
In 2021, MegaMex expanded their offerings to the wholesale food service industry by debuting their Tres Cocinas brand of pepper pastes.[77]
See also
- List of food companies
- Philip Danforth Armour
- Gustavus Franklin Swift
- Hormel Historic Home
- Impact of the COVID-19 pandemic on the meat industry in the United States
References
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Jim Snee became the CEO of Hormel Foods Corporation (NYSE:HRL) in 2016.
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Further reading
- Knowlton, Richard L.; Beyma, Ron (2010). Points of Difference: Transforming Hormel (1st ed.). Garden City, NY: Morgan James. OCLC 826657964.
- Cooper, Jake (1988). Lessons of the P-9 Strike. San Francisco, CA: Socialist Action. OCLC 40950771.
- Genoways, Ted (2014). The Chain: Farm, Factory, and the Fate of our Food. OCLC 926727755.
- White, John H. (1986). The Great Yellow Fleet: A History of American Railroad Refrigerator Cars. San Marino, Calif.: Golden West Books. OCLC 907747754.
External links
- Official website
- Hormel brand website
- Business data for Hormel Foods Corporation: