HORMEL FOODS CORPORATION (NYSE:HRL) Files An 8-K Completion of Acquisition or Disposition of Assets

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HORMEL FOODS CORPORATION (NYSE:HRL) Files An 8-K Completion of Acquisition or Disposition of Assets
Item 2.01 Completion of Acquisition or Disposition of Assets

On November27, 2017, Hormel Foods Corporation (the Company) completed the previously announced acquisition of Columbus Manufacturing,Inc., an authentic, premium deli meat and salami company, from Chicago-based Arbor Investments.

The purchase price is approximately $850 million.

Section7 – REGULATION FD

Item 7.01 Regulation FD Disclosure

On November27, 2017, the Company issued a press release announcing the closing of the acquisition of Columbus Manufacturing,Inc., an authentic, premium deli meat and salami company. A copy of the press release is furnished as Exhibit99 to this Form8-K and is incorporated herein by reference.

Section8 – OTHER EVENTS

Item 8.01 Other Events

On November27, 2017, in connection with the closing of the acquisition, the Company issued a press release to also provide updated guidance for fiscal year 2018. A copy of the press release is furnished as Exhibit99 to this Form8-K and is incorporated herein by reference.

Section9 – FINANCIAL STATEMENTS AND EXHIBITS

Item 9.01 Financial Statements and Exhibits

(d) Exhibits furnished to Items 7.01 and 8.01

Press release issued November27, 2017


HORMEL FOODS CORP /DE/ Exhibit
EX-99 2 a17-27596_1ex99.htm EX-99 Exhibit 99   FOR IMMEDIATE RELEASE       HORMEL FOODS ANNOUNCES CLOSING OF ACQUISITION OF COLUMBUS MANUFACTURING INC.,…
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About HORMEL FOODS CORPORATION (NYSE:HRL)

Hormel Foods Corporation is a multinational manufacturer and marketer of food and meat products. The Company operates through five segments: Grocery Products, which consists of the processing, marketing and sale of shelf-stable food products sold in the retail market; Refrigerated Foods, which consists of the processing, marketing and sale of branded and unbranded pork and beef products for retail, foodservice and fresh product customers; Jennie-O Turkey Store, which consists of the processing, marketing and sale of branded and unbranded turkey products for retail, foodservice and fresh product customers; Specialty Foods, which consists of the packaging and sale of private label shelf stable products, nutritional products, sugar and condiments to industrial, retail and foodservice customers, and International & Other, which includes the Hormel Foods International Corporation, which manufactures, markets and sells the Company products internationally.