Hormel Foods is a large-scale branded foods company. It was founded in 1891 and began as a processor of meat and food products. Although pork and turkey remain the major raw materials for its products, Hormel Foods now also manufactures and distributes other consumer items alongside the commodity fresh meat business, including ready meals, snacks and beverages. Some of the well-known brands in its portfolio are Skippy, SPAM and Hormel. Internationally, the company markets its products through Hormel Foods International Corporation (HFIC), a wholly owned subsidiary. HFIC has a global presence in the international marketplace through joint ventures in locations including Australia, Brazil, Canada, China, Japan and the Philippines.
Hormel Foods sits in the food and beverage processing segment of the value chain, ranking 48th among its peers. While the company performs comparatively strongly in the governance and strategy measurement area, thanks to its broad scope of sustainability topics, it has an opportunity to improve both its performance and disclosure on many of these topics in order to bridge the gap with leading companies, particularly when it comes to social inclusion and the environment. Nonetheless, the company leads many of its peers in nutrition.
More about the company
- Austin, Minnesota, United States of America
- Food and agriculture revenue USD
- Group revenue USD
- Onwnership structure
- Publicly listed
- Number of employees