SVP and CFO: James N. Sheehan First sold in 1932, Skippy is currently manufactured by Hormel Foods, which bought the brand from Unilever in 2013. Hormel is also a major US turkey and pork processor, churning out Jennie-O turkey, Cure 81 hams, and Always Tender pork. No matter what brand you buy, you can be confident that the US Department of Agriculture does not allow any pork or pork products to enter our country from China. Phoenix, AZ While nearly 95% of the company's sales come from the US, Hormel Foods boasts operations and/or joint ventures across the globe, including in Australia, Canada, China (the world's biggest market for pork), Japan, and the Philippines. Under no circumstances does any information posted on stockzoa.com represent a recommendation to purchase or sell a stock. Abroad, subsidiary Hormel Foods International Corporation (HFIC) markets its products. Lathrop, CA Other major markets include Mexico, Micronesia, Singapore, and South Korea. Edgerton, MN Phone: 1 (507) 437-5611, Employer Type: Publicly Owned This blog was initially posted on Feb. 3. Barron, WI De Graff, MN 1 Hormel Pl North Carolinians should be confident in buying pork at the grocery store knowing that it’s a high likelihood it was raised and processed in our state. Slow-smoked over burning corn cobs for a one-of-a-kind flavor. Kenosha, WI Bethlehem, PA Visit our Resources page now ». San Antonio, TX The $775 million acquisition added Applegate's deli meats, frozen burgers, and sausages into the same pantry as SPAM and Dinty Moore stew, and advances the firm's growing push into natural and organic foods. Conagra Brands, Inc. If China decided to grant preferential treatment to Smithfield imports, it would be a huge economic coup, as China is the world’s largest consumer of pork. Called MegaMex Foods, it is integral to Hormel Foods' plan to further diversify its portfolio. Its primary customers are retail and foodservice firms. The sale must first be approved by the Committee on Foreign Investments, a highly secret federal commission chaired by the Secretary of the Treasury.And if past Chinese offers are any indication, there is little legitimate chance of Smithfield Foods acquisition by China being approved. “The people I work with are the same, the pigs are the same, nothing has changed. It’s a win-win for everybody and contributes to the $10-billion-a-year in economic impact of the state’s pork industry. Browerville, MN Fairmont, MN Algona, IA “Smithfield has not, does not, and will not import any products from China to the United States. More than 30 Hormel Foods brands are ranked #1 or #2 in their respective markets. Enter the email address associated with your account, and we will email you instructions for re-setting your password. Smithfield sources pigs from North Carolina farms and others in surrounding states to make the hams, ribs, pork chops, loins, butts, sausages and bacon we all enjoy. I’m still the same person growing the same hogs on the same land where my dad and granddad farmed,” he said. Pittsburgh, PA Having earned a top spot in the $1 billion protein drink category, CytoSport is helping Hormel Foods attract younger customers. North Carolina is proud to have a robust pork industry that supports more than 44,000 jobs and contributes more than $10 billion to the state’s economy each year. Don’t worry, your bacon doesn’t come from China, NC Pork joins forces with barbecue cooks to give back; Smithfield donates a truckload. “I really can’t tell a difference, honestly,” said Brandon Warren, former president of the NC Pork Council and third-generation pig farmer. Little Rock, AR Easy, on-the-go snacks or sit-down meals & recipes. Des Moines, IA In the US, Hormel Foods sells its goods through sales personnel, independent brokers, and distributors. The company has reported stable revenue growth since fiscal 2011, but saw a modest decline in 2015. Maitland, FL Virginia Beach, VA The company is focusing on developing and acquiring new products to drive sales, as well as bumping up advertising on established brands such as Skippy peanut butter and SPAM. Past performance is a poor indicator of future performance. Wal-Mart is Hormel Foods' largest customer, accounting for about 15% of the company's fiscal 2015 (ends October) sales. Hormel Foods operates a joint venture with Herdez Del Fuerte to market Mexican foods in the US. Wan Long, who at age 80 is chairman and CEO of WH Group, is the firm's largest individual shareholder with a roughly 16% stake; Forbes estimates his net worth at $1.9 billion. Chicago, IL Cargill, Incorporated Disclaimers: stockzoa.com is not operated by a broker, a dealer, or a registered investment adviser. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. “Smithfield has not, does not, and will not import any products from China to the United States. Cordova, TN Who bought or sold Hormel Foods Corporation this quarter? Chinese investors and firms own a majority of almost 2,400 American companies employing 114,000 people, about the same number as the combined U.S. staffs of Google, Facebook and Tesla, according to data from MacroPolo.. Why it matters: Chinese trade and investment are among the most divisive topics in the U.S., and a focus of Trump administration threats to crack down against Beijing. Melrose, MN Eden Prairie, MN Avian influenza effects caused Jennie-O Turkey Store sales to drop, as well. Their contract with Premium Standards Foods was initially bought out by Smithfield in 2007 and they stayed with the company after it was purchased by the WH Group in 2013. The firm's International arm brings in the rest. Almena, WI Protein-focused packaged food maker Hormel Foods (NYSE: HRL) does things its own way, which has been a long-term plus for the consumer staples company. Dawson, MN HORMEL ® COUNTRY BRAND ™ bacon is a heavy smoked bacon with an old fashioned flavor your customers will remember. Henning, MN Sunrise, FL Bellevue, WA However, one of … The maker of such thrifty pantry staples as SPAM lunch meat and Dinty Moore stew has turned sophisticated. Hormel Foods subsidiaries include Alma Foods, Applegate Farms, Diamond Crystal, and Hormel Financial Services. Brainerd, MN We raise our pigs here and produce safe, nutritious pork products that feed millions of people across America. First, it should be noted that the Chinese buyout of Smithfield Foods is far from assured. Grand Rapids, MI Industry & Profession profiles include background, on the job, tips to entry, outlook and interviews with industry experts. Franklin, MA Hormel Foods is also looking to grow its ethnic business at home as well as its international sales. This was primarily due to a decrease in the cost of sales. Hand selected bellies ensure exceptionally long, wide slices for superb eye appeal and plate coverage. Its research and development expenditures for fiscal 2015, 2014, 2013, and 2012, were $32 million, $29.9 million, $29.9 million, and $29.8 million, respectively. In no event shall stockzoa.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content available on stockzoa.com, or relating to the use of, or inability to use, stockzoa.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. New York Mills, MN In Smithfield, Virginia, Smithfield Foods is everywhere. Although the Specialty Products showed growth (largely due to the acquisition of Muscle Milk nutrition products), and the Grocery Products segment also grew (based on lower meat protein input costs), those gains were tempered by pork price deflation which impacted the Refrigerated Foods and International segments. North Carolina is home to seven of those facilities, including the largest pork processing plant in the world – the Tar Heel plant in Bladen County – and the world’s largest bacon plant in Wilson. However, due to false claims on social media, there are at times concerns circulated about Virginia-based Smithfield Foods, which is owned by a publicly traded company based in Hong Kong. New London, MN Montevideo, MN Mc Cook, IL With about $370 million in annual sales, Skippy is the #2 brand of peanut butter in the US (behind Smucker's Jif) and the leader in China. North Carolina is one of the nation’s top pork producers and most of that meat stays right here.

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