Hormel Foods (HRL)

Company ID: 239 | CIK: 0000048465
10-Q view:
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Segments are charted by their disclosed metrics (revenue, segment profit, etc.). Each line is a single segment. Reconciliation/corporate items are excluded. Major customers are shown as a percentage of revenue. Operational KPIs are grouped by metric concept; sub-metrics appear as separate lines.

Geographic Segments

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Business Unit / Product Segments

Major Customers (% of Revenue)

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Operational KPIs

Hatchery poult capacity (capacity)

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Brokers and Distributors (contractors)

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Shareholders (customers)

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Union Employees (headcount)

ACV distribution (other)

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Active turkey grow-out contracts (other)

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Administrative and general expense ratio (other)

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Advertising expense (other)

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Advertising investment (other)

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Advertising investments (other)

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All commodity volume (other)

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Annual dividend rate (other)

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Average repurchase price (other)

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Branded processed meat growth (other)

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Branded processed meat products growth (other)

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Branded tonnage growth (other)

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Brokers and distributors (other)

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COVID-19 incremental supply chain costs (other)

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COVID-19 operational costs (other)

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COVID-19 supply chain costs (other)

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Capital expenditures (other)

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Capital expenditures estimate (other)

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Cash Held by International Subsidiaries (other)

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Cash and Cash Equivalents (other)

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Cash and cash equivalents (other)

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Cash dividends paid (other)

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Cash from operating activities (other)

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Cash held by international subsidiaries (other)

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Cash provided by operating activities (other)

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Cash, equivalents and short-term securities (other)

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Combined Jennie-O and Turkey Store tonnage change (other)

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Committed hog and turkey purchases (other)

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Commodity hedge volume (other)

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Commodity hedging volume (other)

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Common Stock Shares Outstanding (other)

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Common shares outstanding (other)

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Common stock shares outstanding (other)

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Consecutive annual dividend increases (other)

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Consecutive dividend increases (other)

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Consecutive dividend quarters (other)

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Consecutive quarterly dividends (other)

Consecutive quarters dividends paid (other)

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Consecutive quarters of dividends paid (other)

Consecutive quarters with dividends (other)

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Consecutive quarters with dividends paid (other)

Contract hog purchase coverage (other)

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Contract hog purchases (other)

Contract hog purchases share (other)

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Contract hogs purchased (other)

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Corn futures hedged (other)

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Corn futures hedging volume (other)

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Corn futures held (other)

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Corn hedge volume (other)

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Countries served (other)

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Countries with sales (other)

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Current ratio (other)

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Days sales in inventory (other)

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Days sales in receivables (other)

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Dinty Moore Classic Bakes distribution (other)

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Direct sales representatives (other)

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Distribution (other)

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Dividends per share (other)

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Don Miguel net sales contribution (other)

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Don Miguel volume contribution (other)

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Earnings before income taxes, D&A (other)

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Effective tax rate (other)

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Employee turnover rate (other)

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Export sales growth (other)

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Export sales volume growth (other)

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Export volume growth (other)

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Fair value of open futures contracts (other)

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Farms repopulated (other)

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Female workforce share (other)

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Fish farm acreage (other)

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Foodservice Group tonnage growth (other)

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Foodservice tonnage growth (other)

Foodservice tonnage volume change (other)

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Foreign patents held (other)

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Fresh pork sales growth (other)

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Grocery Products Division tonnage growth (other)

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Grocery Products tonnage growth (other)

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Grocery Products tonnage volume growth (other)

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Gross margin (other)

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Gross margin percentage (other)

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Gross profit margin (other)

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HORMEL fully cooked entrees ACV (other)

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Hedged commodity volume (other)

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Hedging contract volume (other)

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Hog Supply Contracts (other)

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Hog contract coverage (other)

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Hog processing growth (other)

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Hog supply contract coverage (other)

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Hog supply contract share (other)

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Hog supply contracts (other)

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Hogs bought under contract (other)

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Hogs purchased under contract (other)

Hogs purchased under supply contracts (other)

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Hogs under long-term contracts (other)

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Hogs under supply contracts (other)

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Hormel HealthLabs sales change (other)

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Hormel HealthLabs sales growth (other)

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Hormel HealthLabs tonnage volume growth (other)

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Hourly Turnover Rate (other)

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Industry slaughter change (other)

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International volume growth (other)

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Inventory turnover (other)

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Issued patents (other)

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Jennie-O Turkey Store tonnage volume change (other)

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Jennie-O Turkey Store tonnage volume growth (other)

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Jennie-O sales growth (other)

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Jennie-O sales tonnage growth (other)

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Jennie-O sales volume change (other)

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Jennie-O tonnage growth (other)

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KID'S KITCHEN growth (other)

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KID'S KITCHEN volume growth (other)

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Lean hog futures hedged (other)

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Lean hog futures hedging volume (other)

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Lean hog hedge volume (other)

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Long-term debt to equity (other)

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Mark-Lynn net sales contribution (other)

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Meat Products Group volume growth (other)

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Meat Products tonnage growth (other)

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Microwave item volume growth (other)

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Microwave items growth (other)

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Net sales by product class (other)

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New product gross sales (other)

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New product net sales (other)

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New product sales (other)

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Number of Reportable Segments (other)

Number of reportable business segments (other)

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Open corn hedge volume (other)

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Open lean hog hedge volume (other)

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Organic net sales growth (other)

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Organic volume (other)

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Organic volume change (other)

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Patents (other)

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Patents held (other)

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Pre-tax profit to net worth (other)

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Pre-tax profit to total assets (other)

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Prepared Foods Group tonnage growth (other)

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R&D employees (other)

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Receivables turnover (other)

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Record shareholders (other)

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Record stockholders (other)

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Refrigerated Foods sales tonnage change (other)

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Refrigerated Foods slaughter level change (other)

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Refrigerated Foods tonnage volume change (other)

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Research and development expenditures (other)

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Research and development expense (other)

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Return on assets (other)

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Return on equity (other)

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SG&A percent of net sales (other)

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SKIPPY incremental net sales (other)

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SKIPPY incremental volume (other)

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SKIPPY net sales contribution (other)

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SKIPPY volume contribution (other)

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SPAM market share (other)

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SPAM oven roasted turkey ACV (other)

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Salaried Turnover Rate (other)

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Sales from products introduced since fiscal 2000 (other)

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Sales personnel (other)

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Sales tonnage change (other)

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Sales tonnage growth (other)

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Sales tonnage volume change (other)

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Selling and delivery expense ratio (other)

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Share repurchase authorization (other)

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Shareholders (other)

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Shares Outstanding (other)

Shares authorized for repurchase (other)

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Shares outstanding (other)

Shares repurchased (other)

Shares repurchased and retired (other)

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Shipping and handling costs (other)

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Slaughter levels change (other)

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Specialty Foods tonnage volume growth (other)

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Standby letters of credit (other)

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States served (other)

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Street-name shareholders (other)

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Team member tenure (other)

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Tonnage change (other)

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Tonnage change YoY (other)

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Tonnage growth (other)

Tonnage volume change (other)

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Tonnage volume growth (other)

Total shares repurchased (other)

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Turkey Raised (other)

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Turkey Raised In-House (other)

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Turkey SPAM distribution (other)

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Turkey farm acreage (other)

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Turkey farms acres (other)

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Turkey grow-out contracts (other)

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Turkey market share (other)

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Turkey raised internally (other)

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Turkey self-produced share (other)

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Turkey self-sourced (other)

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Turkey self-sourcing rate (other)

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Turkey self-sufficiency (other)

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Turkey self-supply ratio (other)

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Turkey self-supply share (other)

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Turkey volume raised internally (other)

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Turkey volume self-raised (other)

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Turkeys raised internally (other)

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U.S. patents held (other)

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U.S.-granted patents (other)

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Underrepresented minority workforce share (other)

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Union contracts expiring (other)

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Union representation (other)

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Union represented employees (other)

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Unused lines of credit (other)

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Value-added sales growth (other)

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Value-added share of JOTS volume (other)

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Value-added tonnage share (other)

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Value-added volume share (other)

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Weighted distribution (other)

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Year 2000 remediation progress (other)

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Year 2000 revision completion (other)

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us-gaap:NumberOfReportableSegments (other)

Tonnage volume (production_volume)

Manufacturing facilities (properties)

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Turkey Farms (square_footage)

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Tonnage volume growth (throughput)

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Exports (units_shipped)

Human capital disclosures. Workforce totals and demographics are point-in-time. Flow metrics use the year-to-date period for 10-Q and full year for 10-K. Workforce actions (RIFs, restructurings, acquisition-related changes) are listed in the table at the bottom.

Workforce Totals

Demographics

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Workforce Breakdowns

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HCM Metrics — Point-in-Time

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HCM Metrics — Flow (Annual / YTD)

No flow HCM metrics found.

Workforce Actions

Period EndTypeStatusAffected% WorkforceAnnouncedExpected CompletionGeographySegment / FunctionChargeSourceNote
2026-07-26restructuringin_progress2025United StatesCorporateUSD 22 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Program includes a voluntary early retirement program, closing open roles, involuntary role reductions, and benefit program changes; no employee counts disclosed. Estimated total charges ~$22.0 million, with ~$9.0 million expected as cash expenditures in fiscal 2026; $8.5 million recognized in the first nine months of fiscal 2026. Liability balance of $0.1 million remained at quarter end.
2026-07-26restructuringin_progress2025-10-27GlobalCorporateUSD 9 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Corporate restructuring plan commenced in Q4 FY2025. Includes voluntary early retirement, involuntary role reductions, and benefit changes. $8.5M recognized in first nine months of FY2026. Employee count not disclosed.
2026-07-26divestiture_reductioncompleted2026-04-242026-04-24United StatesRetailUSD 61 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of whole-bird turkey business completed April 24, 2026. Pre-tax loss of $60.8M recognized. Employee count not disclosed.
2026-07-26divestiture_reductioncompleted2026-07-312026-07-31BrazilInternationalUSD 56 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of Brazil operations (Ceratti brand) finalized July 31, 2026. Non-cash valuation loss of $56.1M recognized in Q3. Employee count not disclosed.
2026-07-26divestiture_reductioncompleted2025-12-152025-12-15United StatesRetailUSD -22 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of 51% equity interest in Justin's, LLC completed Dec 15, 2025. Pre-tax gain of $22.0M recognized. Employee count not disclosed.
2026-07-26restructuringin_progressUSD 8,500,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-07-26restructuringin_progressEmployee Severance [Member]USD -28,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-07-26restructuringin_progressEmployee Benefits [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-07-26restructuringin_progressProfessional Fees [Member]USD 2,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-07-26restructuringin_progressPension Benefits [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-04-26restructuringin_progress2025-07-01United StatesCorporateUSD 22 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Corporate restructuring plan announced in Q4 fiscal 2025; includes voluntary early retirement, role closures, involuntary reductions, and benefit changes. Estimated total charges ~$22.0M; $8.5M recognized in first six months of fiscal 2026. No employee count disclosed.
2026-04-26divestiture_reductioncompleted2026-04-242026-04-24United States (Minnesota)RetailUSD 61 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of whole-bird turkey business (Melrose facility, Swanville feed mill, transportation assets) to Willmar Poultry Innovations; pre-tax loss of $61.0M. Buyer assumed supply contracts with third-party hen growers. No employee count disclosed.
2026-04-26divestiture_reductioncompleted2025-12-152025-12-15United StatesRetailother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of 51% equity interest in Justin's, LLC to Forward Consumer Partners; deconsolidation with $23.5M pre-tax gain. No employee count disclosed.
2026-04-26restructuringin_progress2025-10-272026-10-25GlobalCorporateUSD 22 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Corporate restructuring plan commenced in Q4 FY2025 to reduce administrative expenses and align workforce. Includes voluntary early retirement, involuntary role reductions, and benefit changes. Estimated total charges $22.0 million. $8.5 million recognized in first six months of FY2026. Employee count not disclosed.
2026-04-26divestiture_reductioncompleted2026-04-242026-04-24United StatesRetailbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of whole-bird turkey business completed April 24, 2026. Includes Melrose, MN facility and Swanville, MN feed mill. Employee count not disclosed.
2026-04-26divestiture_reductioncompleted2025-12-152025-12-15United StatesRetailbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of 51% equity interest in Justin's, LLC completed December 15, 2025. Deconsolidation occurred. Employee count not disclosed.
2026-04-26restructuringin_progressUSD 100,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-04-26restructuringin_progressEmployee Severance [Member]USD 6,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-04-26restructuringin_progressEmployee Benefits [Member]USD 44,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-04-26restructuringin_progressProfessional Fees [Member]USD 5,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-04-26restructuringin_progressPension Benefits [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-01-25restructuringin_progressUnited StatesCorporateUSD 22 (millions)restructuring_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Corporate restructuring plan includes voluntary early retirement, role closures, involuntary reductions, and benefit changes. Total plan charges estimated at $22.0M; $8.5M recognized in Q1 FY2026. Approximately $9.0M expected to be cash in FY2026. No employee headcount disclosed.
2026-01-25divestiture_reductioncompleted2025-12-152025-12-15United StatesRetailother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of 51% controlling interest in Justin's, LLC to Forward Consumer Partners; deconsolidated. No headcount impact disclosed.
2026-01-25plant_closureannounced2026-02-132026-04-25United StatesInternational / Turkey operationsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Subsequent event: definitive agreement to sell whole-bird turkey business (Melrose, MN facility; Swanville, MN feed mill) to Life-Science Innovations. Expected to close by end of Q2 FY2026. No headcount disclosed.
2026-01-25restructuringin_progress2025-10-262026-10-25GlobalCorporateUSD 8 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Corporate restructuring plan commenced in Q4 FY2025 to reduce administrative expenses. Includes voluntary early retirement, involuntary role reductions, and benefit changes. Total estimated charges ~$22.0M; $8.5M recognized in Q1 FY2026. Employee count not disclosed.
2026-01-25divestiture_reductioncompleted2025-12-152025-12-15United StatesRetailbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Sale of 51% equity interest in Justin's, LLC to Forward Consumer Partners. Deconsolidation occurred. Headcount impact not quantified.
2026-01-25restructuringin_progressUSD 8,500,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-01-25restructuringin_progressEmployee Severance [Member]USD 6,721,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-01-25restructuringin_progressEmployee Benefits [Member]USD 1,342,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-01-25restructuringin_progressProfessional Fees [Member]USD 413,000 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2026-01-25restructuringin_progressPension Benefits [Member]USD 0 (absolute)restructuring_footnote
f5-10q / no-ai-xblr
2025-10-26restructuringin_progressCorporate / administrativeUSD 13 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Commenced in Q4 fiscal 2025; includes a voluntary early retirement program, closing of open roles, involuntary role reductions, and benefit program changes. $13.3M recognized in FY2025 of an expected $20.0M-$25.0M total program charge, primarily in Q4 FY2025 and Q1 FY2026; about $8.0M-$10.0M expected as cash outlays in FY2026. Employee counts not disclosed. All FY2025 costs are unallocated corporate expense.
2025-10-26restructuringin_progressEnterprise — supply chain and portfolio optimizationUSD 64 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Multi-year initiative begun in Q4 fiscal 2023; figure is FY2025 non-recurring costs only. Comprises asset write-offs, equipment relocation, severance, and project-based consulting. Headcount impact not quantified.
2025-10-26divestiture_reductioncompleted2024-11-182024-11-18United StatesRetailother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of non-core sow operation Mountain Prairie, LLC for $13.6M, with an $11.3M pre-tax loss on sale. Results were primarily reflected in the Retail segment through the divestiture date. Headcount not disclosed.
2025-10-26divestiture_reductionannouncedUnited StatesRetailsubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Announced after fiscal year-end: definitive agreement to sell a 51 percent controlling position in the Justin's business at a preliminary enterprise value of $125M; expected to close in Q1 fiscal 2026. Headcount not disclosed.
2025-10-26restructuringin_progress2025-10-26GlobalCorporate/AdministrativeUSD 13 (millions)restructuring_footnote
f5-10k / Qwen3.6-27B-Q8_0
Corporate restructuring plan commenced in Q4 FY2025 to reduce administrative expenses. Includes voluntary early retirement, closing open roles, and involuntary reductions. Total expected charges $20-25 million; $13.3 million recognized in FY2025.
2025-10-26restructuringin_progressMinimum [Member]USD 20,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-10-26restructuringin_progressMaximum [Member]USD 25,000,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-10-26restructuringin_progressUSD 13,300,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-10-26restructuringin_progressProfessional Fees [Member]USD 594,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-10-26restructuringin_progressPension Benefits [Member]USD 12,696,000 (absolute)restructuring_footnote
f5-10k / no-ai-xblr
2025-04-27restructuringin_progress2023-10-01United StatesEnterprise-wideUSD 17 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Multi-year T&M initiative announced in fiscal 2023; non-recurring costs include project consulting fees, severance, relocation and asset write-offs. Pre-tax impact of $16.6M in Q2 fiscal 2025 ($30.7M for six months). No employee counts disclosed in this filing.
2025-04-27restructuringin_progress2023-10-28USD 17 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax impact of non-recurring expenses related to the Transform and Modernize (T&M) initiative in Q2 FY2025 was $16.6 million, most recorded in SG&A. Includes asset write-offs, severance, and consulting fees.
2025-01-26restructuringin_progress2023-10-28USD 14 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Transform and Modernize (T&M) initiative expenses of $14.2M recognized in Q1 2025, comprised primarily of asset write-offs, severance, and consulting fees.
2025-01-26divestiture_reductioncompleted2024-11-182024-11-18RetailUSD 11 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Sale of non-core sow operation Mountain Prairie, LLC resulted in a pre-tax loss of $11.3M including transaction costs.
2024-10-27divestiture_reductioncompleted2024-10-18United StatesFoodserviceother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of Hormel Health Labs completed October 18, 2024 for $25.0 million with a $3.9 million pre-tax gain; no headcount associated with the divestiture was disclosed.
2024-07-28othercompleted250United StatesManufacturingother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Contracts expired and new union agreements were ratified at both locations during fiscal 2024; no specific dates or employee counts beyond the approximate 250 disclosed.
2024-04-28othercompletedUnited StatesManufacturingother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
A new union agreement was ratified by one of the Company's manufacturing facilities during the second quarter of fiscal 2024; exact ratification date and employee count for that facility are not disclosed.
2024-04-28otherannounced2502024-10-28United StatesManufacturingother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Union contracts at two manufacturing facilities covering approximately 250 employees expire during fiscal 2024; one of the two was ratified in the second quarter (see separate record). Employee count is the combined coverage of both contracts, not a reduction.
2024-04-28othercompleted250United StatesManufacturingPart II, Item 1A. Risk Factors
f5-10q / Qwen3.6-27B-Q8_0
Union contract covering approximately 250 employees at one manufacturing facility was ratified in the second quarter.
2023-07-30otherin_progress2,400United StatesManufacturingother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Collective bargaining negotiations ongoing at four manufacturing facilities covering approximately 2,400 employees; union contracts expire during fiscal 2023. No announcement date or completion date disclosed.
2022-07-31otherin_progress50Fresno, California, United StatesCorn Nuts brand manufacturing facilityother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Strike called by the Bakery, Confectionery, Tobacco Workers and Grain Millers' International Union subsequent to Q3 end, covering roughly 50 workers hired via the Corn Nuts acquisition; first-contract talks ongoing since acquisition. Facility operating at reduced capacity; no exact announcement date disclosed.
2022-07-31otherin_progress50Fresno, CaliforniaManufacturingPart II, Item 1A. Risk Factors
f5-10q / Qwen3.6-27B-Q8_0
Union called a strike resulting in a work stoppage at the Fresno facility post-Q3. Facility operating at reduced capacity.
2022-01-30otherin_progress7002022-03-18United States — Rochelle, Illinoisother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Collective bargaining event: union contract covering approximately 700 employees at the Rochelle, Illinois facility expires March 18, 2022; negotiations described as ongoing. No separation or charge disclosed.
2021-10-31acquisition_additioncompleted2021-06-072021-06-07United StatesGrocery Products; Refrigerated Foods; International & OtherUSD 3,396 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Planters snack nuts business acquired from The Kraft Heinz Company for $3.4 billion cash, including three production facilities; acquired headcount not disclosed. Purchase price shown is the $3,396,246 thousand allocation total, not a workforce charge.
2021-07-25acquisition_additioncompleted2021-06-07United StatesGrocery Productsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of the Planters snack nuts business from The Kraft Heinz Company closed June 7, 2021 for a preliminary purchase price of $3.4 billion; headcount added through the transaction was not disclosed.
2021-04-25acquisition_additionannounced2021-02-102021-06-30United StatesGrocery Productsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement to acquire the Planters snack nuts business from Kraft Heinz for $3.35 billion; expected to close June 2021. No headcount associated with the transaction is disclosed in the filing.
2021-01-24acquisition_additionannounced2021-02-102021-06-30subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Purchase price $3.35 billion (expected tax benefit ~$560 million); expected to close calendar Q2 2021 subject to regulatory approval. No headcount associated with the acquisition is disclosed. Completion date approximated from stated 'calendar Q2 2021'.
2020-10-25acquisition_additioncompleted2020-03-022020-03-02United States (Henderson, Texas)Refrigerated FoodsUSD 271 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Purchase price of $270.8 million for Sadler's Smokehouse; headcount added not disclosed.
2020-07-26acquisition_additioncompleted2020-03-02United States (Henderson, Texas)Refrigerated Foodsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Final purchase price $270.8 million, funded with cash on hand; no headcount added disclosed. Operating results included in Refrigerated Foods from date of acquisition.
2020-04-26acquisition_additioncompleted2020-03-02United States (Henderson, Texas)Refrigerated FoodsUSD 269 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Sadler's Smokehouse assets for a preliminary purchase price of $268.9 million, funded with cash on hand. No employee headcount added was disclosed; purchase price allocation pending third-party valuation.
2020-01-26acquisition_additioncompleted2020-03-02United StatesRefrigerated FoodsUSD 270 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement announced after quarter-end; transaction closed 2020-03-02. Headcount added through the acquisition was not disclosed. Segment attribution inferred from business description; not stated in filing.
2019-10-27plant_closurecompleted2018-12-03Fremont, Nebraska, United StatesRefrigerated Foods — processing facilityItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of the Fremont, Nebraska processing facility to Wholestone Farms, LLC for a final purchase price of $30.6 million, completed December 3, 2018 (fiscal 2019). No employee count or severance charge disclosed.
2019-10-27divestiture_reductioncompleted2019-04-15United StatesGrocery Products and International & Other (CytoSport, Inc. — Muscle Milk and Evolve brands)discontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of CytoSport, Inc. to PepsiCo, Inc. for final proceeds of $479.8 million, completed April 15, 2019. No employee count or workforce-related charge disclosed; results included through date of divestiture.
2019-07-28divestiture_reductioncompleted2019-04-152019-04-15United StatesGrocery Products; International & Otherother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of CytoSport, Inc. (Muscle Milk and Evolve brands) to PepsiCo completed 2019-04-15; no employee count disclosed. Date shown is completion date; announcement date not disclosed.
2019-07-28otherin_progress2,300United States (Algona, IA; Atlanta, GA; Austin, MN; Beloit, WI)Operationsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Collective bargaining negotiations underway covering approximately 2,300 employees; contracts expire during Q4 fiscal 2019. No announcement date or outcome disclosed.
2019-04-28divestiture_reductioncompleted2019-04-152019-04-15United StatesGrocery Products; International & Otherother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of CytoSport, Inc. (Muscle Milk, Evolve brands) to PepsiCo for $473.9 million cash; no employee count disclosed. CytoSport results included in segments through divestiture date.
2019-04-28otherannounced2,300United StatesAlgona, Iowa; Atlanta, Georgia; Austin, Minnesota; Beloit, Wisconsin facilitiesother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Collective bargaining agreements covering approximately 2,300 employees expire during fiscal 2019; negotiations had not yet been initiated as of filing. Not a separation event.
2019-04-28plant_closurecompletedUnited StatesFremont facilityother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of the Fremont facility in first quarter of fiscal 2019 triggered pension curtailment gains/losses; no headcount or closure details disclosed in this filing.
2019-01-27otherannounced2,300United States — Algona, IA; Atlanta, GA; Austin, MN; Beloit, WIManufacturing facilities covered by union contractsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Union contracts at four facilities expire during fiscal 2019, covering about 2,300 employees; negotiations had not been initiated as of the filing. Expiration date not specified beyond fiscal 2019.
2019-01-27plant_closurecompletedUnited States — FremontNot specifiedother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of the Fremont facility drove pension curtailment gains/losses in Q1 FY2019; no headcount or charge tied to the workforce disclosed.
2019-01-27divestiture_reductionannouncedNot specifiedCytoSport business (Grocery Products)USD 465 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell CytoSport to PepsiCo for $465 million announced after quarter end; expected to close in Q2 FY2019. Charge value is the transaction price, not a severance charge; no headcount disclosed.
2018-10-28acquisition_additioncompleted2017-11-272017-11-27United StatesRefrigerated FoodsUSD 857 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Purchase price of $857.4 million for premium deli meat and salami business; acquired headcount not disclosed. Goodwill of $610.6 million and intangibles of $223.7 million allocated to Refrigerated Foods.
2018-10-28plant_closurecompleted2018-08-162018-12-03Fremont, Nebraska, United StatesRefrigerated FoodsItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of the Fremont, Nebraska processing facility to WholeStone Farms, LLC announced August 16, 2018 and completed December 3, 2018 (subsequent to fiscal year-end, before filing). Includes a multiyear pork raw-material supply agreement. Affected headcount not disclosed; MD&A notes fiscal 2019 expenses associated with the divestiture.
2018-07-29divestiture_reductionannounced2018-07-292018-12-31United States (Fremont, Nebraska)Refrigerated FoodsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Announced after quarter end; $30 million sale expected to close December 2018 with a multi-year pork supply agreement. No employee count or workforce impact disclosed.
2018-04-29acquisition_additioncompleted2017-11-27United StatesRefrigerated FoodsUSD 857 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Purchase price, not a workforce charge. No headcount added disclosed; purchase price allocation remains preliminary.
2018-04-29acquisition_additioncompleted2017-08-16United StatesRefrigerated FoodsUSD 428 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Purchase price, not a workforce charge. Closed in fiscal 2017 but presented in this filing's acquisition note; no headcount added disclosed.
2018-04-29acquisition_additioncompleted2017-08-22BrazilInternational & OtherUSD 103 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Purchase price, not a workforce charge. Closed in fiscal 2017 but presented in this filing's acquisition note; no headcount added disclosed.
2018-04-29othercompleted625United States — Rochelle, IllinoisRochelle, Illinois facilityother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Collective bargaining agreement successfully negotiated during the second quarter of fiscal 2018; specific announcement date not disclosed. Count is approximate per filer.
2018-01-28otherin_progress6252018-02-25Rochelle, Illinois, United Statesother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Union contract covering approximately 625 employees expired 2018-02-25 (after quarter end); negotiations ongoing under an indefinite extension agreement. No separation or charge disclosed.
2017-10-29divestiture_reductioncompleted2016-11-012017-01-03United States (California, Arizona, Wyoming)Refrigerated Foodsdiscontinued_operations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of Clougherty Packing, LLC (Farmer John and Saag's Specialty Meats) plus PFFJ farm operations closed 2017-01-03 for $145.0 million cash; headcount not disclosed.
2017-10-29acquisition_additioncompleted2017-08-162017-08-16United StatesRefrigerated FoodsUSD 428 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Fontanini Italian Meats and Sausages for preliminary purchase price of $427.9 million; acquired headcount not disclosed.
2017-10-29acquisition_additioncompleted2017-08-222017-08-22BrazilInternational & OtherUSD 104 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Cidade do Sol (Ceratti) for preliminary purchase price of approximately $103.5 million; acquired headcount not disclosed.
2017-10-29acquisition_additioncompleted2017-11-272017-11-27United StatesRefrigerated FoodsUSD 850 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Columbus Manufacturing, Inc. acquisition closed 2017-11-27, after fiscal year-end and before filing; funded with cash plus $375.0 million term loan and $375.0 million revolver borrowings; acquired headcount not disclosed.
2017-07-30divestiture_reductioncompleted2016-112017-01-03California, Arizona, and WyomingRefrigerated Foodsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Clougherty Packing (Farmer John) and related farm operations, closed January 3, 2017 for $145 million cash; occurred within the nine-month YTD period. No employee count disclosed.
2017-07-30acquisition_additioncompleted2017-08-162017-08-16United StatesRefrigerated Foodsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Subsequent-event acquisition of Fontanini Italian Meats and Sausages for $425.0 million, funded with cash on hand and short-term financing. No headcount added disclosed.
2017-07-30acquisition_additioncompleted2017-08-222017-08-22BrazilInternational & Otherbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Subsequent-event acquisition of Cidade do Sol (Ceratti) for preliminary purchase price of approximately $104.0 million, funded with cash on hand. No headcount added disclosed.
2017-04-30divestiture_reductioncompleted2016-11-012017-01-03United States (California, Arizona, Wyoming)Refrigerated Foodsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Clougherty Packing (Farmer John) and PFFJ farm operations for $145 million cash; agreement entered November 2016, closed January 3, 2017. No employee count disclosed; filing states the assets held for sale were not material to annual net sales, net earnings, or EPS. Announcement month only is given in the filing.
2017-04-30othercompleted150United States (Eldridge, Iowa; Lathrop, California)Manufacturing facilitiesother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Collective bargaining: contracts covering a combined total of approximately 150 employees were successfully negotiated during the second quarter of fiscal 2017. Disclosed in Part II, Item 1A Risk Factors; no specific announcement date given.
2017-01-29divestiture_reductioncompleted2016-11-012017-01-03United States (California, Arizona, Wyoming)Refrigerated Foodsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Number of employees removed through the divestiture not disclosed; announcement date approximated to November 2016 when the sale agreement was entered
2017-01-29otherannounced150United States (Eldridge, Iowa; Lathrop, California)Operationsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Collective bargaining agreements covering a combined approximately 150 employees expire in fiscal 2017; negotiations had not yet been initiated as of the filing. No announcement date stated
2016-10-30acquisition_additioncompleted2016-05-262016-05-26United States (Boulder, Colorado)Grocery ProductsUSD 281 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Purchase price of $280.9 million (preliminary); headcount added not disclosed. Charge value is purchase price, not a severance charge.
2016-10-30divestiture_reductioncompleted2016-05-092016-05-09United StatesSpecialty Foodsother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of DCB closed May 9, 2016 for preliminary proceeds of $110.1 million net of selling costs; associated headcount not disclosed.
2016-10-30plant_closureannounced2016-11-01United States (California, Arizona, Wyoming)Refrigerated Foodssubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Agreement to sell Clougherty Packing (Farmer John, Saag's) and PFFJ farm operations entered in November 2016, after fiscal year-end; exact announcement date not stated. Assets held for sale totaled $182.7 million; headcount not disclosed.
2016-07-24acquisition_additioncompleted2016-05-26Grocery Productsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired May 26, 2016 for preliminary purchase price of $281.7 million; headcount added not disclosed. Operating results included from date of acquisition.
2016-07-24divestiture_reductioncompleted2016-05-09Specialty Foodsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of Diamond Crystal Brands closed May 9, 2016, proceeds of $110.1 million net of selling costs; headcount removed not disclosed. DCB had approximately $260 million of net sales in fiscal 2015.
2016-04-24otherin_progress1,100Vernon, Californiaother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Union contracts at the Vernon, California facility expire during fiscal 2016, covering approximately 1,100 employees; negotiations had commenced as of the filing. No announcement date or completion date disclosed.
2016-04-24divestiture_reductioncompleted2016-04Specialty FoodsUSD 1 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of a portion of Diamond Crystal Brands; agreement entered in April 2016 and completed after quarter end. A $1.0 million goodwill impairment was recorded. No headcount impact disclosed; the held-for-sale business is described as not material to annual net sales, net earnings, or EPS.
2016-04-24acquisition_additioncompleted2016-05-022016-05-26Grocery ProductsUSD 286 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement to acquire Justin's, LLC announced May 2, 2016 for a preliminary purchase price of $286.0 million; acquisition closed May 26, 2016, funded with cash on hand and short-term financing. No headcount added disclosed.
2016-01-24otherannounced1,100United States — Vernon, CaliforniaManufacturing facility workforceother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Collective bargaining agreements at the Vernon, CA facility covering approximately 1,100 employees expire during fiscal 2016; negotiations had not yet been initiated as of the filing. Labor-relations event, not a headcount reduction.
2015-10-25plant_closurecompletedStockton, CaliforniaGrocery ProductsUSD 11 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Closure occurred during fiscal 2015; charges reported in cost of products sold and reflected in Grocery Products segment profit. Employees affected not disclosed. No separate restructuring footnote exists in this filing.
2015-10-25acquisition_additioncompleted2015-07-132015-07-13United States (Bridgewater, New Jersey)Refrigerated FoodsUSD 774 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Purchase price, not a workforce charge. Headcount added through the acquisition is not disclosed; Applegate contributed $92.8 million of net sales from the acquisition date.
2015-10-25restructuringcompletedInternationalInternational & OtherUSD 10 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Charges taken in the first quarter of fiscal 2015 per the non-GAAP reconciliation. Employees affected not disclosed.
2015-10-25divestiture_reductionin_progressUnited StatesSpecialty Foods (Diamond Crystal Brands)USD 22 (millions)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
A portion of DCB classified as held for sale during fiscal 2015; goodwill impairment of $21.5 million recorded in the fourth quarter. Sale not completed as of the filing date; employees affected not disclosed.
2015-10-25otherannounced1,200Knoxville, Iowa; Vernon, CaliforniaOperationsItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Collective bargaining agreements covering a combined approximately 1,200 employees expire in fiscal 2016; negotiations had not been initiated as of the filing date. Not a separation event.
2015-10-25plant_closurecompletedStockton, CaliforniaGrocery ProductsUSD 11 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Charges totaling $10.5 million related to the closure of the Stockton, California manufacturing facility.
2015-10-25acquisition_additioncompleted2015-07-13Bridgewater, New JerseyRefrigerated FoodsItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Acquired Applegate Farms, LLC for a preliminary purchase price of $774.1 million.
2015-07-26acquisition_additioncompleted2015-07-13United StatesRefrigerated Foodsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired July 13, 2015 for $771.8 million cash; headcount added not disclosed. $8.6 million transaction costs recorded in SG&A; contributed $12.4 million net sales in the quarter
2015-07-26plant_closurecompletedStockton, California, United StatesGrocery ProductsUSD 11 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Charge of $10.5 million recognized in first quarter of fiscal 2015; employees affected not disclosed; announcement date not disclosed in this filing
2015-07-26plant_closurecompletedBenicia, California, United StatesSpecialty Foods (CytoSport)USD 5 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Charge recognized in second quarter of fiscal 2015; employees affected not disclosed; announcement date not disclosed in this filing
2015-07-26divestiture_reductioncompletedInternationalInternational & OtherUSD 10 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Charge of $9.5 million recognized in first quarter of fiscal 2015; employees affected not disclosed
2015-07-26otherin_progress3,400United States (Algona IA; Atlanta GA; Austin MN; Beloit WI; Fremont NE)Multiple facilitiesother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Count of approximately 3,400 employees covered by expiring union contracts with ongoing negotiations, not separations; a Vernon, California contract expired July 2015 and was renegotiated during the quarter
2015-04-26plant_closurecompleted2014-10-27Stockton, CaliforniaGrocery ProductsUSD 11 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Nonrecurring charges of $10.5 million related to closure of the Stockton, CA facility recognized in the first quarter of fiscal 2015; no employee count disclosed.
2015-04-26plant_closurecompleted2015-01-26Benicia, CaliforniaSpecialty Foods (CytoSport)USD 5 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Charge of $4.5 million for closure of the CytoSport production facility in Benicia, CA reflected in second quarter and first six months cost of products sold; no employee count disclosed.
2015-04-26restructuringcompleted2014-10-27InternationalInternational & OtherUSD 10 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charges of $9.5 million for exit from international joint venture businesses in the first quarter of fiscal 2015; no employee count disclosed.
2015-04-26acquisition_additioncompleted2014-08-112014-08-11United StatesSpecialty Foods / International & OtherUSD 424 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired CytoSport Holdings for $424.3 million cash; contributed $87.2 million net sales in the second quarter. No headcount added disclosed.
2015-04-26acquisition_additionannounced2015-05-262015-07-25United StatesRefrigerated FoodsUSD 775 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement to acquire Applegate Farms for $775 million cash, announced May 26, 2015; expected to close within 60 days subject to regulatory approvals. No headcount disclosed.
2015-04-26otherin_progress3,3002015-04-26United States (Algona IA; Atlanta GA; Austin MN; Beloit WI; Fremont NE)Multiple facilitiesother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Collective bargaining agreements covering approximately 3,300 employees expire during fiscal 2015; negotiations not yet initiated as of quarter end. A separate Vernon, CA contract expired April 2015 and was renegotiated during the second quarter.
2015-01-25plant_closurein_progressStockton, CaliforniaGrocery ProductsUSD 11 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Nonrecurring charges of $10.5M recognized in Q1 FY2015; no employee count or completion date disclosed
2015-01-25restructuringin_progressInternationalInternational & OtherUSD 10 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charges of $9.5M in Q1 FY2015; no employee count or completion date disclosed
2015-01-25acquisition_additioncompleted2014-08-11United StatesSpecialty Foodsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired for $424.3M cash; headcount added not disclosed in filing
2015-01-25otherannounced3,400United StatesMultiple facilities (Algona IA, Atlanta GA, Austin MN, Beloit WI, Fremont NE, Vernon CA)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Approximately 3,400 employees covered; negotiations not yet initiated as of quarter end
2015-01-25plant_closurecompletedStockton, CaliforniaGrocery ProductsUSD 11 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Nonrecurring charges of $10.5 million related to the closure of the Stockton, California manufacturing facility. Employee count not disclosed.
2015-01-25restructuringcompletedInternationalInternational & OtherUSD 10 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Nonrecurring charges of $9.5 million related to the exit from international joint venture businesses. Employee count not disclosed.
2014-10-26acquisition_additioncompleted2014-08-112014-08-11United StatesSpecialty Foodsbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of CytoSport Holdings, Inc. (Muscle Milk) for $424.3 million cash plus up to $20.0 million contingent payment; headcount added not disclosed. Approximately $4.8 million of transaction costs recognized in FY2014.
2014-10-26acquisition_additioncompleted2013-11-262013-11-26ChinaInternational & Otherbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of the China-based SKIPPY peanut butter business from Unilever for $41.9 million cash, including the Weifang manufacturing facility; headcount added not disclosed.
2014-10-26plant_closureannounced2015-04-26Stockton, California, United StatesGrocery ProductsMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Closure of the Grocery Products plant in Stockton announced; production to move to more modern Company facilities in the second quarter of fiscal 2015. Announcement date, affected headcount, and charge not disclosed.
2014-10-26divestiture_reductioncompleted2014-10-26United StatesRefrigerated Foodsother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Precept Foods, LLC (50.01% owned joint venture) was dissolved at the end of fiscal 2014; associated headcount impact not disclosed.
2014-07-27acquisition_additioncompleted2014-06-302014-08-11United States (Benicia, California)Specialty Foodssubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Merger agreement dated June 30, 2014; CytoSport Holdings (Muscle Milk) acquired August 11, 2014 for preliminary $424.3 million cash, plus up to $20.0 million contingent payment. Headcount added not disclosed. Results to be reflected in the Specialty Foods segment beginning fiscal Q4 2014.
2014-07-27otherannounced102San Leandro, Californiaother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Union contract covering 102 employees at the San Leandro facility expires during fiscal 2014; negotiations had not yet been initiated as of the filing. No expiration date or workforce action quantified beyond covered employees.
2014-04-27otherannounced102San Leandro, California, United StatesSan Leandro facilityother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Union contract at San Leandro facility covers 102 employees and expires during fiscal 2014; negotiations not yet initiated as of filing.
2014-01-26acquisition_additioncompleted2013-11-26ChinaGrocery Products / International & OtherUSD 41 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of the China-based SKIPPY peanut butter business from Unilever for $41.4 million cash, including the Weifang manufacturing facility; no headcount added disclosed; purchase price preliminary pending final working capital and tax valuations
2013-10-27acquisition_additioncompleted2013-01-312013-01-31United StatesGrocery Products; International & Otherbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired the U.S.-based SKIPPY peanut butter business from Unilever for $665.4 million cash, including the Little Rock, Arkansas facility; headcount added not disclosed. Approximately $7.7 million of transaction costs recorded in SG&A.
2013-10-27acquisition_additioncompleted2013-11-262013-11-26ChinaInternational & Othersubsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Completed acquisition of the China-based SKIPPY peanut butter business for $41.4 million cash, including the Weifang, China facility; occurred after fiscal year-end 2013 and before filing date. Headcount added not disclosed.
2013-10-27otherannounced6352014-10-26United States (Rochelle, Illinois; San Leandro, California)Refrigerated Foodsother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Union contracts at two facilities expire during fiscal 2014, covering approximately 635 employees combined; negotiations not yet initiated as of filing. Not a workforce reduction action.
2013-07-28acquisition_additioncompleted2013-01-31United StatesGrocery Products; International & Otherbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of the U.S.-based SKIPPY peanut butter business (including Little Rock, Arkansas facility) for $665.4 million cash; headcount added not disclosed. Related China business expected to close by end of fiscal 2013 for ~$42.0 million
2013-04-28acquisition_additioncompleted2013-01-31United StatesGrocery Products; International & Otherbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired U.S. SKIPPY peanut butter business from Unilever for $663.1M cash; headcount added not disclosed. $7.5M transaction costs recorded in SG&A through the second quarter
2013-04-28acquisition_additionannounced2013-01-312013-10-27ChinaInternational & Otherbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
China-based SKIPPY business expected to close by end of fiscal 2013 for approximately $42.0M, subject to regulatory approvals and working capital adjustments; headcount not disclosed
2013-04-28otherin_progress85United States — Lathrop, CaliforniaOperationsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Union contract covering approximately 85 employees expires during fiscal 2013; negotiations ongoing. No separation or workforce reduction announced
2013-01-27acquisition_additioncompleted2013-01-022013-01-31United StatesGrocery Products; All OtherUSD 663 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of the U.S. Skippy peanut butter business from Conopco/Unilever for a preliminary $663.1 million cash purchase price, closed January 31, 2013 (after quarter end). Includes the Little Rock, Arkansas facility. Headcount added not disclosed; purchase price shown as transaction consideration, not a workforce charge. China business expected to close by end of fiscal 2013 for approximately $42.0 million additional investment.
2013-01-27otherannounced150United States (Eldridge, Iowa; Lathrop, California)Operationsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Collective bargaining contracts at the Eldridge, Iowa and Lathrop, California facilities expire during fiscal 2013, covering a combined approximately 150 employees; negotiations had not yet been initiated as of the filing. Not a separation event; captured as a material labor event.
2012-07-29otherin_progress100Stockton, CaliforniaUnion facilityother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Union contract at Stockton facility expires during fiscal 2012, covering approximately 100 employees; negotiations currently taking place
2012-07-29otherin_progress115United StatesClougherty Packing (Farmer John) foodservice facilityother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Company currently negotiating a new contract covering approximately 115 people at the Clougherty Packing (Farmer John) foodservice facility
2012-04-29otherin_progress100Stockton, CaliforniaManufacturing facilityother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Union contract at Stockton facility expires during fiscal 2012, covering approximately 100 employees; negotiations not yet initiated
2012-04-29otherin_progress115United StatesClougherty Packing (Farmer John) foodserviceother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Company currently negotiating a new union contract at the facility, covering approximately 115 people
2012-01-29otherannounced100United States — Stockton, CaliforniaManufacturing facilityother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Union contract covering approximately 100 employees at the Stockton, CA facility expires during fiscal 2012; negotiations had not yet been initiated as of the filing. Collective-bargaining event, no separation or charge disclosed.
2011-10-30acquisition_additioncompleted2011-08-222011-08-22United StatesGrocery Products (MegaMex Foods, LLC joint venture)other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
MegaMex, the Company's 50 percent owned Mexican foods joint venture, acquired Fresherized Foods (Wholly Guacamole, Wholly Salsa, Wholly Queso) on August 22, 2011; the Company invested an additional $61.0 million into MegaMex in Q4 fiscal 2011 to facilitate the acquisition. No headcount added disclosed; as a 50 percent equity-method investment, acquired headcount is not consolidated into Company employees.
2011-10-30plant_closurecompleted2010-04-01Turlock, CaliforniaGrocery ProductsUSD 10 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Closing of Valley Fresh plant incurred a pretax charge of $9.7 million in fiscal 2010. Employee-related costs were part of this charge. No specific headcount reduction disclosed for this action in the current filing.
2011-07-31otherin_progress3,3002011-10-31United States (Algona, IA; Atlanta, GA; Austin, MN; Beloit, WI; Fremont, NE; San Leandro, CA)Multiple facilitiesother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Collective bargaining agreements at six facilities covering about 3,300 employees expire in fiscal Q4 2011; negotiations began in fiscal Q3 2011. No separation or charge disclosed.
2011-07-31acquisition_additionannounced2011-08-222011-08-22United StatesGrocery Products (MegaMex Foods joint venture)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
MegaMex completed the acquisition of Fresherized Foods on 2011-08-22; no headcount added disclosed in the filing.
2011-05-01otherannounced3,300United States (Algona IA; Atlanta GA; Austin MN; Beloit WI; Fremont NE; San Leandro CA)Union-represented facilitiesother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Collective bargaining agreements covering a combined total of approximately 3,300 employees at six facilities expire during fiscal 2011; negotiations expected to begin in the third quarter of fiscal 2011. No announcement date or completion date disclosed.
2011-01-30otherannounced3,300United States — Algona, IA; Atlanta, GA; Austin, MN; Beloit, WI; Fremont, NE; San Leandro, CAother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Collective-bargaining event, not a headcount reduction. Six facility contracts covering a combined ~3,300 employees expire during fiscal 2011; negotiations had not yet been initiated as of the filing. No announcement date, completion date, or charge disclosed.
2010-10-31plant_closurecompletedTurlock, California, United StatesGrocery Products (Valley Fresh canned meats)USD 10 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Decision to close the Valley Fresh plant made during the second quarter of fiscal 2010; exact announcement date not disclosed. Pretax charge of $9.7M, including a $6.6M write-down of property, plant and equipment to fair value plus employee-related costs; $6.3M after tax ($0.05 per diluted share). Headcount affected not disclosed
2010-10-31acquisition_additioncompleted2010-02-01United StatesRefrigerated Foodsbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of the Country Crock chilled side dish business from Unilever United States Inc., completed February 1, 2010. Purchase price and headcount added not disclosed
2010-10-31acquisition_additioncompletedUnited StatesGrocery Products (MegaMex Foods, LLC joint venture)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
MegaMex Foods, LLC (50 percent owned JV) acquired Don Miguel Foods Corp. during the fourth quarter of fiscal 2010; exact date and headcount not disclosed. MegaMex JV itself was formed October 26, 2009
2010-10-31plant_closurecompleted2010-04-01Turlock, CaliforniaGrocery ProductsUSD 6 (millions)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Closure of Valley Fresh plant. Charge of $6.3 million (after-tax) related to plant closure and employee-related costs incurred in Q2 FY2010. Specific headcount not disclosed.
2010-07-25plant_closurein_progress2010-01-312010-10-31Turlock, California, United StatesGrocery Products — Valley Fresh canned meats plantUSD 10 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Decision to close the Valley Fresh plant was made in the second quarter of fiscal 2010; charge comprises a fixed asset write-down and employee-related costs, reducing pre-tax earnings by $9.7M and net earnings by $6.3M ($0.05 per diluted share). Number of employees affected not disclosed. Related action: the defined benefit pension plan for employees at that facility was terminated beginning in the second quarter, generating fiscal 2010 settlement and curtailment charges of $1.3M and $0.06M respectively for the nine months.
2010-07-25acquisition_additioncompleted2010-02-012010-02-01United StatesRefrigerated Foodsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of the Country Crock chilled side dish business from Unilever United States Inc., effective February 1, 2010. Headcount added through the transaction not disclosed; pro forma results omitted as immaterial.
2010-07-25plant_closurein_progress2010-04-262010-10-31Turlock, CaliforniaGrocery ProductsUSD 6 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Valley Fresh plant closure; charge includes fixed asset write-down and employee related costs. Pension plan termination also commenced.
2010-04-25plant_closurein_progress2010-10-31Turlock, California, United StatesGrocery Products — Valley Fresh canned meatsUSD 10 (millions)other
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Decision made during the second quarter to close the Valley Fresh plant by end of fiscal 2010. Charge comprises a $6.6M pretax property write-down plus employee-related costs; $6.3M after-tax impact ($0.05 per diluted share). Number of employees affected not disclosed. Company also commenced termination of the defined benefit pension plan for employees at that facility (settlement and curtailment charges in Note J). Announcement date not specified beyond 'during the second quarter'.
2010-04-25acquisition_additioncompleted2010-02-01United StatesRefrigerated Foodsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of the Country Crock chilled side dish business from Unilever United States Inc., effective February 1, 2010. Headcount added not disclosed; pro forma results omitted as immaterial.
2010-04-25plant_closurein_progress2010-04-252010-10-31Turlock, CaliforniaGrocery ProductsUSD 6 (millions)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Company decided to close Valley Fresh plant by end of fiscal 2010. Charge includes fixed asset write-down and employee related costs. Specific headcount not disclosed.
2010-04-25restructuringcompleted2010-04-252010-04-25Turlock, CaliforniaGrocery ProductsUSD 1 (millions)restructuring_footnote
f5-10q / Qwen3.6-27B-Q8_0
Termination of defined benefit pension plan for employees at Turlock facility. Includes $1.267M settlement charge and $0.055M curtailment charge.
2010-01-24otherin_progress590Rochelle, Illinois, United Statesother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Collective bargaining contract expired 2010-02-28 (after quarter end) covering approximately 590 employees; negotiations underway as of filing
2010-01-24otherannounced1,740Vernon, California, United Statesother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Contract covering approximately 1,740 employees scheduled to expire during fiscal 2010; negotiations underway as of filing
2010-01-24acquisition_additioncompleted2010-02-01United StatesRefrigerated Foodsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of the Country Crock chilled side dish line from Unilever completed 2010-02-01, subsequent to quarter end; no headcount disclosed and pro forma results omitted as immaterial
2009-04-26otherannounced1002009-08-31United States — Stockton, Californiaother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Part II, Item 1A: a union contract at the Stockton, CA facility covering approximately 100 employees expires in August of fiscal 2009; negotiations had not yet been initiated as of the filing. Announcement date not disclosed.
2009-01-25otherannounced300United States (Eldridge, Iowa; Lathrop, California; Stockton, California)Union-represented facilitiesother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Collective bargaining agreements at three facilities covering a combined ~300 employees expire during the remainder of fiscal 2009; negotiations had not yet been initiated as of the filing
2008-10-26acquisition_additioncompleted2008-06-132008-06-13United States (Duluth, Georgia)Specialty FoodsUSD 23 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Purchase price of $23.3 million cash including related costs; acquired headcount not disclosed; adds liquid portion product capacity for Diamond Crystal Brands
2008-07-27acquisition_additioncompleted2008-06-13United StatesSpecialty Foodsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquired Boca Grande Foods, Inc. (Duluth, Georgia) for a preliminary purchase price of $23,255 thousand cash including related costs; headcount added through the acquisition not disclosed.
2008-01-27othercompleted260United States — Knoxville, Iowa and Perrysburg, OhioManufacturing plantsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Union contracts at two plants expired during Q1 fiscal 2008, covering a combined total of approximately 260 employees; new contracts were successfully negotiated at both locations and no further contracts expire in fiscal 2008. Count is approximate and combined across both sites as presented by the filer.
2008-01-27acquisition_additioncompleted2007-08-22United States — Nevada, Iowa and Ames, IowaRefrigerated FoodsUSD 112 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Burke Corporation acquired August 22, 2007 for a preliminary purchase price of $112,321 thousand cash including related costs; acquisition closed before the quarter and no headcount added was disclosed. Charge shown is the purchase price, not a workforce charge.
2007-10-28acquisition_additioncompleted2006-11-102006-11-10United States (San Leandro, California)Refrigerated FoodsUSD 13 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of assets of Saag's Products, Inc. for $13.0 million cash; headcount added not disclosed; purchase price preliminary pending earn-outs
2007-10-28acquisition_additioncompleted2006-12-152006-12-15United States (Chino and Lathrop, California)Refrigerated FoodsUSD 12 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Stock-and-cash acquisition of Provena Foods Inc.; 287,473 Hormel shares issued; headcount added not disclosed
2007-10-28acquisition_additioncompleted2007-08-222007-08-22United States (Nevada and Ames, Iowa)Refrigerated FoodsUSD 112 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Cash acquisition of Burke Corporation; headcount added not disclosed; purchase price preliminary pending final appraisals
2007-07-29otherin_progress3,1002007-09-09United States (Algona, IA; Austin, MN; Beloit, WI; Fremont, NE; Tucker, GA)Union-represented plant workforceother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Collective bargaining negotiations underway at five plants covering approximately 3,100 employees; contracts expire 2007-09-09 and no agreements finalized as of filing
2007-07-29acquisition_additionannounced2007-08-232007-08-23United States (Nevada, IA and Ames, IA facilities)Refrigerated Foods — FoodserviceUSD 110,000 (thousands)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of privately-held Burke Corporation for preliminary purchase price of $110,000 thousand cash; completed after quarter end; no headcount disclosed. Charge value reflects purchase price, not a workforce charge
2007-04-29acquisition_additioncompleted2006-11-102006-11-10United States (San Leandro, California)Refrigerated FoodsUSD 12,997 (thousands)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Purchase price preliminary pending earn-outs; headcount added not disclosed
2007-04-29acquisition_additioncompleted2006-12-152006-12-15United States (Chino, California)Refrigerated FoodsUSD 11,651 (thousands)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Stock and cash transaction; headcount added not disclosed
2007-04-29otherannounced3,1502007-09-30United States (Algona IA; Austin MN; Beloit WI; Fremont NE; Tucker GA)Manufacturing plantsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Union contracts covering ~3,150 employees expire September 2007; negotiations not yet initiated at any location
2007-01-28acquisition_additioncompleted2006-11-10United States (San Leandro, California)Refrigerated FoodsUSD 12,447 (thousands)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Preliminary cash purchase price of $12,447 thousand plus assumed liabilities; headcount added not disclosed.
2007-01-28acquisition_additioncompleted2006-12-15United States (Chino, California)Refrigerated Foods (Foodservice)USD 11,604 (thousands)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Stock and cash transaction valued at $11,604 thousand plus assumed liabilities; 287,473 Hormel shares issued. Headcount added not disclosed.
2007-01-28otherannounced3,1502007-09-30United States (Algona IA; Austin MN; Beloit WI; Fremont NE; Tucker GA)Manufacturing plantsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Union contracts covering approximately 3,150 employees at five plants expire September 2007; negotiations not yet initiated. No action taken during the quarter.
2006-10-29plant_closurecompletedHouston, Texas, United StatesRefrigerated FoodsUSD 4 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Plant closed during fiscal 2006 and slated for sale; charge is a write-down to estimated fair market value, not severance. Employees affected not disclosed. Corroborated in Note A, Impairment of Long-lived Assets ($4.0 million, fourth quarter).
2006-10-29acquisition_additioncompleted2652006-03-312006-03-31Turlock, California, United StatesGrocery ProductsUSD 80 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Valley Fresh, Inc. acquired for preliminary purchase price of $80.4 million cash including related costs; approximately 265 employees at its 90,000-square-foot facility.
2006-10-29acquisition_additionannounced2006-09-062006-12-31Chino, California, United StatesRefrigerated FoodsUSD 17 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Provena Foods Inc. merger agreement signed during fiscal 2006, pending shareholder approval with expected close by end of calendar 2006; estimated value $16.8 million. Headcount not disclosed. Exhibit 21.1 lists Provena as a 100%-owned subsidiary, suggesting closing occurred before the filing date.
2006-10-29acquisition_additioncompleted2006-11-102006-11-10San Leandro, California, United StatesRefrigerated FoodsUSD 12 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Assets of Saag's Products, Inc. acquired for preliminary purchase price of $12.0 million cash plus assumption of certain obligations; completed after fiscal year-end but before filing. Headcount not disclosed.
2006-10-29plant_closurecompleted2006-10-292006-10-29Houston, TexasRefrigerated FoodsUSD 4,045 (thousands)MD&A
f5-10k / Qwen3.6-27B-Q8_0
Houston facility closed during fiscal 2006; $4,045 thousand write-down recorded. Employee count not disclosed.
2006-10-29acquisition_additioncompleted2652006-03-312006-03-31Turlock, CaliforniaGrocery Productsbusiness_combinations_footnote
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Valley Fresh, Inc. added approximately 265 employees.
2006-07-30acquisition_additioncompleted2652006-03-312006-03-31Turlock, California, United StatesGrocery ProductsUSD 77 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition completed March 31, 2006 for a preliminary purchase price of $76.5 million in cash including related costs; Valley Fresh employs approximately 265 people at its 90,000-square-foot facility. Purchase price recorded as acquisition consideration, not a severance or restructuring charge.
2006-07-30acquisition_additionannounced2006-09-062006-12-31Chino, California, United Statessubsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Subsequent-event definitive merger agreement announced September 6, 2006; expected to close by end of calendar 2006, subject to Provena shareholder approval (holders of ~46% of shares committed to vote in favor). No headcount disclosed for Provena.
2006-07-30othercompleted533Rochelle, Illinois, United StatesRochelle, Illinois plantother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Count is the number of employees covered by the expiring union contract, not separations. Prior contract expired during fiscal 2006; a new four-year union contract was negotiated with Rochelle employees during the second quarter of fiscal 2006. No specific announcement date disclosed.
2006-07-30othercompleted92Stockton, California, United StatesStockton, California plantother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Count is the number of employees covered by the expiring union contract, not separations. Prior contract expired during fiscal 2006; a new three-year union contract was negotiated with Stockton employees following the end of the third quarter. No specific announcement date disclosed.
2006-07-30acquisition_additioncompleted2652006-03-31United StatesGrocery Productsbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Valley Fresh, Inc. completed March 31, 2006. Employs approximately 265 employees.
2006-04-30acquisition_additioncompleted2652006-03-312006-03-31United States (Turlock, California)Grocery ProductsUSD 76 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Purchase price includes related costs; Valley Fresh employs approximately 265 people at its 90,000-square-foot facility
2006-04-30othercompleted5332006-04-30United States (Rochelle, Illinois)Operationsother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
New four-year union contract negotiated during the second quarter of fiscal 2006; 533 employees covered by the expiring contract. Announcement date not specified; anchored to quarter end
2006-04-30acquisition_additioncompleted2652006-03-31Turlock, CaliforniaGrocery Productsbusiness_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Valley Fresh, Inc. completed March 31, 2006. Company employs approximately 265 employees.
2006-01-29otherin_progress533Rochelle, Illinois, United StatesManufacturing plantother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Collective bargaining agreement covering 533 employees expires during fiscal 2006; plant is under contract extension with negotiations ongoing. Disclosed in Part II risk factor on labor relations; no announcement date or completion date stated.
2006-01-29otherannounced92Stockton, California, United StatesManufacturing plantother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Collective bargaining agreement covering 92 employees expires during fiscal 2006; negotiations scheduled to begin summer 2006. Disclosed in Part II risk factor on labor relations; no announcement date stated.
2005-10-30acquisition_additioncompleted2004-12-292004-12-29United States (Southern California)Refrigerated FoodsUSD 210 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Purchase of Clougherty Packing Company (Farmer John); headcount added not disclosed; purchase price includes related costs
2005-10-30acquisition_additioncompleted2005-01-312005-01-31United States (New Berlin, Wisconsin)Grocery ProductsUSD 48 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Arriba Foods, Inc. (Mexican Accent); headcount added not disclosed
2005-10-30acquisition_additioncompleted2005-03-302005-03-30United States (Bremen, Georgia)Specialty FoodsUSD 43 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Mark-Lynn Foods Inc.; headcount added not disclosed
2005-10-30acquisition_additioncompleted2005-04-042005-04-04United States (St. Paul, Minnesota)Refrigerated FoodsUSD 51 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Lloyd's Barbecue Company; headcount added not disclosed
2005-10-30voluntary_separationcompleted2005-10-30United StatesCorporate / executive officersUSD 6 (millions)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Retirement-related benefits for executive officers recognized in Q4 fiscal 2005; employee count not disclosed
2005-10-30voluntary_separationcompleted2004-10-312005-10-30United StatesSalesUSD 2,672 (thousands)MD&A
f5-10k / Qwen3.6-27B-Q8_0
After-tax charge of $2,672,000 for early retirement packages related to sales reorganization. Pre-tax charge estimated at approx $4,194,000 based on effective tax rate.
2005-05-01acquisition_additioncompleted2004-12-29United States (Southern California)Refrigerated FoodsUSD 198 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Purchase price includes related costs; no employee count disclosed. Acquired in fiscal Q1 (first quarter of fiscal 2005), included in this filing's YTD business combinations footnote.
2005-05-01acquisition_additioncompleted2005-01-31United States (New Berlin, Wisconsin)Grocery ProductsUSD 48 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cash purchase price including related costs; no employee count disclosed.
2005-05-01acquisition_additioncompleted2005-03-30United States (Bremen, Georgia)Specialty Foods (Diamond Crystal Brands)USD 43 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cash purchase price including related costs; no employee count disclosed.
2005-05-01acquisition_additioncompleted2005-04-04United States (St. Paul, Minnesota)Refrigerated Foods (Meat Products)USD 50 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Cash purchase price including related costs; no employee count disclosed.
2005-05-01voluntary_separationcompletedSalesUSD 4,194 (thousands)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Charge recognized in Q2 2004 for early retirement packages related to sales force reorganization; mentioned in 2005 filing for comparative context.
2005-01-30acquisition_additioncompleted2004-12-292004-12-29United States (Southern California)Refrigerated Foodsbusiness_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Clougherty Packing Company acquired for $185.7 million cash; purchase price $188,243 thousand including related costs. No employee headcount added disclosed.
2005-01-30acquisition_additionannounced2005-01-31United StatesGrocery ProductsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Arriba Foods (Mexican Accent) acquired on January 31, 2005, one day after quarter end; expected accretive to Grocery Products. No employee headcount disclosed.
2004-10-30voluntary_separationcompletedUnited StatesSales organization (corporate-wide realignment)USD 8,327 (thousands)MD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Fiscal 2004 sales reorganization offered early retirement packages to certain employees. MD&A cites $8,327 thousand of early retirement, relocation and other expenses in selling and delivery, plus $6,132 thousand of sales reorganization expenses in general corporate expense; Note F cites a one-time $1.9 million pension charge and a $0.9 million postretirement health charge from the same program. After-tax charge disclosed as $2,672 thousand ($.02 per share). Number of employees affected not disclosed.
2004-10-30divestiture_reductioncompleted2004-06-30All Other — Vista International Packaging, Inc.other
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of the food packaging subsidiary completed June 30, 2004, with an $18.1 million pre-tax gain ($11.5 million after-tax). Headcount removed through the disposition not disclosed.
2004-10-30acquisition_additioncompleted2004-10-18United Statesother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Purchase of the assets of Concept Foods, Inc. (renamed Alma Foods, LLC), Alma, Kansas, for $17.1 million cash. Headcount added not disclosed.
2004-10-30voluntary_separationcompleted2004United StatesSalesUSD 2,672 (thousands)MD&A
f5-10k / Qwen3.6-27B-Q8_0
After-tax charge of $2,672,000 for early retirement packages related to sales reorganization.
2004-07-24voluntary_separationin_progressUnited StatesSalesUSD 2,672 (thousands)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
After-tax charge of $2,672 thousand ($0.02 per share) for early retirement packages related to the sales reorganization; no employee count, announcement date, or completion date disclosed.
2004-07-24divestiture_reductioncompleted2004-07-022004-06-30United StatesAll Other (Vista International Packaging, Inc.)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale completed effective June 30, 2004 with an $18,063 thousand pre-tax gain ($0.08 per share); Form 8-K announcing the sale filed July 2, 2004. No headcount removed disclosed; company contracted to continue purchasing packaging materials from the buyer for seven years ($31,000 thousand obligation).
2004-07-24voluntary_separationcompletedSalesUSD 2,672 (thousands)MD&A
f5-10q / Qwen3.6-27B-Q8_0
After-tax charge for early retirement packages related to sales reorganization.
2004-07-24divestiture_reductioncompleted2004-06-30All OtherMD&A
f5-10q / Qwen3.6-27B-Q8_0
Sale of Vista International Packaging, Inc. completed June 30, 2004. Employee count not disclosed.
2004-04-24voluntary_separationin_progressUnited StatesSales (sales reorganization)USD 4,194 (thousands)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Pre-tax charge of $4,194 thousand ($2,672 thousand after tax, $0.02 per share) for early retirement packages tied to a sales reorganization recognized in the quarter; number of employees affected and timing not disclosed. Also cited as a driver of the $16,614 thousand quarterly general corporate expense.
2004-04-24restructuringcompleted2004-04-24SalesUSD 4,194 (thousands)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Pre-tax charge of $4,194 recognized for early retirement packages related to sales reorganization. Employee count not disclosed.
2004-01-24restructuringin_progressUnited StatesCorporate / SalesUSD 2 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
MD&A attributes part of the increase in general corporate expense to sales reorganization expenses of approximately $2,100 thousand; no employee counts or timing disclosed.
2004-01-24divestiture_reductionannounced2004-02-192004-04-30United StatesAll Other — Vista International Packaging, Inc.subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Non-binding letter of intent to sell the food packaging business signed after quarter end; expected to close in fiscal Q2 2004. No workforce impact disclosed.
2003-10-25plant_closurecompleted2003-02-28Marshall, Minnesota, United StatesJennie-O Turkey StoreUSD 3 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Announced in the first quarter of fiscal 2003; exact announcement date not disclosed. Charge is a pretax asset write-down to fair value recognized in cost of products sold, not severance. No employee count disclosed. Asset carried at $1.8 million in other assets.
2003-10-25plant_closurecompleted2003-01-03Rochelle, Illinois, United StatesRefrigerated FoodsMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Discontinuance of hog processing effective January 3, 2003; facility being converted to a 100 percent value-added processing site, so not a full closure. No employee count or charge disclosed.
2003-10-25acquisition_additioncompleted2002-12-302002-12-30United StatesSpecialty FoodsUSD 125 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Purchase of 100 percent of the stock of Imperial Sugar Company subsidiaries operating the Diamond Crystal Brands business for $124.5 million in cash including related costs. Headcount added not disclosed.
2003-10-25acquisition_additioncompleted2003-07-312003-07-31Sparta, Wisconsin, United StatesSpecialty FoodsUSD 117 (millions)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Purchase of the assets of Century Foods International for $116.5 million in cash including related costs. Headcount added not disclosed.
2003-10-25othercompleted2003-10-07United StatesProduction facilitiesother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Union workers at five production facilities ratified a new four-year labor contract. Number of covered employees not disclosed.
2003-10-25plant_closurecompleted2003-01-012003-02-28Marshall, MinnesotaJennie-O Turkey StoreUSD 3 (millions)Note A - Summary of Significant Accounting Policies
f5-10k / Qwen3.6-27B-Q8_0
Closure of Heartland Foods processing plant. Pretax loss of $2.5 million recognized to write asset down to fair value. Employee count not disclosed.
2003-10-25plant_closurecompleted2003-01-03Rochelle, IllinoisRefrigerated FoodsMD&A - Refrigerated Foods
f5-10k / Qwen3.6-27B-Q8_0
Discontinuance of hog processing operations. Facility converted to value-added product processing. Employee count not disclosed.
2003-07-26otherannounced2003-09-30United States — Algona, IA; Austin, MN; Beloit, WI; Fremont, NE; Tucker, GAProduction facilitiesMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Company disclosed it was negotiating labor contracts expiring in early September 2003 covering five production facilities; no employee counts or terms disclosed.
2003-07-26acquisition_additionannounced2003-07-31Sparta, Wisconsin, United StatesSpecialty FoodsUSD 115 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Post-quarter announcement of $115 million cash acquisition of Century Foods International assets; no headcount added disclosed. Financed with existing cash plus $60 million drawn on line of credit.
2003-07-26othercompleted2003-01-03Rochelle, Illinois, United StatesRefrigerated FoodsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Hog processing discontinued at the facility effective January 3, 2003; facility being converted to 100 percent value-added processing. No workforce reduction count disclosed.
2003-04-26acquisition_additioncompleted2002-12-01United StatesSpecialty FoodsUSD 124,432 (thousands)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
December 2002 acquisition of Diamond Crystal Brands (purchase price $124,432 thousand incl. related costs); no employee headcount disclosed. Purchase accounting expected to be finalized by end of fiscal 2003.
2003-04-26plant_closurecompleted2003-01-03United StatesRefrigerated FoodsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Hog processing discontinued at the Rochelle, Illinois facility effective January 3, 2003; facility being converted to 100% value-added processing. No affected-employee count or severance disclosed.
2003-01-25plant_closureannounced2003-02-28Marshall, Minnesota, United StatesJennie-O Turkey Store (Heartland Foods processing plant)USD 1,732 (thousands)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Closure announced to maximize turkey operations efficiency; assets written down to fair market value under SFAS 144 for a pre-tax loss of $1,732 thousand, reclassified to other assets and no longer depreciated. Number of employees affected not disclosed.
2003-01-25plant_closurecompleted2003-01-06Rochelle, Illinois, United StatesRefrigerated Foods (Meat Products — slaughter operations)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Slaughter operations shut down January 6, 2003; facility to be converted to a 100 percent value-added product processing plant. Quarterly slaughter levels declined 3.2 percent as a result. Employees affected not disclosed.
2003-01-25acquisition_additioncompleted2002-12-31United StatesSpecialty Foods (Diamond Crystal Brands)USD 117,578 (thousands)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of Diamond Crystal Brands completed in December 2002 for a purchase price of $117,578 thousand including related costs; $71,604 thousand of goodwill recorded. Headcount added through the acquisition not disclosed; prompted creation of a new Specialty Foods reportable segment.
2003-01-25plant_closureannounced2003-01-252003-02-28Marshall, MinnesotaJennie-O Turkey StoreUSD 1,732 (thousands)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Closure of Heartland Foods processing plant; assets written down to fair market value resulting in before-tax loss of $1,732 thousand.
2003-01-25plant_closurecompleted2003-01-062003-01-06Rochelle, IllinoisRefrigerated FoodsMD&A
f5-10q / Qwen3.6-27B-Q8_0
Shutdown of slaughter operations at Rochelle facility to convert to value-added product processing.
2001-10-27acquisition_additioncompleted2001-01-222001-02-24United States (Barron, Wisconsin)Jennie-O Turkey StoreUSD 368,650 (thousands)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Purchase price including related costs; headcount added not disclosed. Merger agreement dated 2001-01-22, closed 2001-02-24. Charge value is the purchase price, not a severance or restructuring charge.
2001-10-27acquisition_additioncompleted2001-04-27United States (Savannah, Georgia)Refrigerated Foods — Hormel HealthLabsUSD 66,237 (thousands)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Asset purchase closed 2001-04-27; headcount added not disclosed. Charge value is the purchase price including related costs.
2001-10-27divestiture_reductioncompletedUnited States (Algona, Iowa)All Other — food processing equipment business (AFECO)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Company exited the food processing equipment business by selling wholly owned subsidiary AFECO during the fourth quarter of fiscal 2001; gain recognized on sale noted in All Other segment discussion. Headcount removed not disclosed; exact transaction date not given.
2001-10-27othercompletedUnited States (Rochelle, Illinois)Refrigerated Foods — Meat ProductsMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Brief labor strike at the Rochelle, Illinois plant contributed to a 3.1% fourth-quarter and 2.0% full-year decline in hog slaughtering levels; strike dates and employees affected not disclosed.
2001-10-27othercompletedUnited States (Rochelle, Illinois)Refrigerated Foods — Meat ProductsMD&A
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Company discontinued the second slaughter shift at the Rochelle, Illinois facility to expand higher-margin value-added production; associated headcount impact not quantified.
2001-10-27acquisition_additioncompleted2001-02-24United StatesJennie-O Turkey StoreItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of The Turkey Store Company. Headcount not explicitly disclosed.
2001-10-27acquisition_additioncompleted2001-04-27United StatesRefrigerated FoodsItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Acquisition of Diamond Crystal Brands Nutritional Products. Headcount not explicitly disclosed.
2001-10-27divestiture_reductioncompletedUnited StatesAll OtherItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Sale of wholly owned subsidiary Algona Fabrication and Equipment Co. (AFECO). Headcount not explicitly disclosed.
2001-10-27othercompletedRochelle, IllinoisRefrigerated FoodsMD&A
f5-10k / Qwen3.6-27B-Q8_0
Brief labor strike at Rochelle, Illinois plant and discontinuation of second slaughter shift. Headcount impact not explicitly disclosed.
2001-07-28acquisition_additioncompleted2001-02-242001-02-24United States (Barron, Wisconsin)Jennie-O Turkey StoreUSD 334 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
All outstanding capital stock acquired for $334.4 million cash, subject to adjustments. No employee headcount for the acquired business is disclosed in this filing.
2001-07-28acquisition_additioncompleted2001-04-272001-04-27United StatesHormel Foods (Hormel HealthLabs)USD 65 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Acquisition of the assets of Diamond Crystal Brands Nutritional Products for approximately $65,000 thousand in cash; no headcount added is disclosed.
2001-04-28acquisition_additioncompleted2001-02-242001-02-24United States (Barron, Wisconsin)Jennie-O Turkey StoreUSD 334 (millions)business_combinations_footnote
f5-10q / MiMo-V2.6-Flash-fp8-HTML
All issued and outstanding capital stock purchased for $334.4 million cash, subject to adjustments for indebtedness and working capital. No employee headcount added is disclosed; purchase price allocation is preliminary pending an independent valuation.
2001-04-28acquisition_additioncompleted2001-04-272001-04-27United StatesHormel Health LabsUSD 65 (millions)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Asset purchase of Diamond Crystal Brand Nutritional Products for approximately $65.0 million cash; no headcount added is disclosed.
2001-04-28othercompletedUnited States (Rochelle, Illinois)Manufacturing operationsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Three-week labor strike at the Rochelle, Illinois facility during the quarter; MD&A notes expense related to the strike but gives no dates, affected-employee counts, or charge amounts.
2001-04-28othercompletedRochelle, IllinoisMD&A
f5-10q / Qwen3.6-27B-Q8_0
Three-week labor strike occurred in Rochelle, Illinois.
2001-04-28acquisition_additioncompleted2001-02-24Barron, WisconsinJennie-O Turkey StoreUSD 334 (millions)business_combinations_footnote
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Jerome Foods, Inc. (The Turkey Store Company) completed. Headcount not disclosed.
2001-04-28acquisition_additioncompleted2001-04-27Hormel Health LabsUSD 65 (thousands)MD&A
f5-10q / Qwen3.6-27B-Q8_0
Acquisition of Diamond Crystal Brand Nutritional Products assets. Headcount not disclosed.
2001-01-27acquisition_additioncompleted2001-01-222001-02-24United States (Barron, Wisconsin; to be merged into Jennie-O, Willmar, Minnesota)Jennie-O Turkey Store (Turkey business)USD 334 (millions)subsequent_events
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Definitive agreement to acquire The Turkey Store Company (Jerome Foods, Inc.) announced January 22, 2001; acquisition completed February 24, 2001 for $334.4 million cash, subject to adjustment. No employee headcount added disclosed. Financed in part via a $425 million unsecured 364-day revolving credit facility entered October 31, 2000.
1998-10-31divestiture_reductioncompletedUnited States — Davenport, IowaBulk gelatin/specialized protein plantItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sold bulk gelatin/specialized protein plant and business to Goodman Fielder Limited of Sydney, Australia during fiscal 1998; employee headcount impact not disclosed
1998-10-31divestiture_reductioncompleted1998-10-31Davenport, IowaBulk gelatin/specialized proteinItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Sold bulk gelatin/specialized protein plant and business to Goodman Fielder Limited during fiscal 1998. Employee count not disclosed.
1998-04-25divestiture_reductioncompletedDavenport, Iowa, United StatesGelatin plant (sold to Goodman Fielder, LTD.)MD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Gelatin plant sale closed late in the first quarter of fiscal 1998; filing discloses a $17,402 thousand after-tax gain but no employee-impact figures.
1998-01-24divestiture_reductioncompleted1997-12-171998-01-24United States (Davenport, Iowa)Specialty Products Division, Prepared Foods Groupother
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Sale of the Davenport gelatin/specialized proteins plant to Goodman Fielder Limited for $71,400,000; closed 1998-01-24. No employee count disclosed; expected annual sales volume reduction of approximately $40,000 (thousands) and 15,000 pounds.
1998-01-24acquisition_additioncompleted1997-10-25United StatesJennie-O turkey operationsMD&A
f5-10q / MiMo-V2.6-Flash-fp8-HTML
Jennie-O acquired Heartland Foods Company in late October 1997 to meet growing demand; no headcount added disclosed.
1997-10-25divestiture_reductioncompleted19961997-01-31United StatesFarm Fresh Catfish Company — fish businessItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Intention to exit announced late calendar 1996 (exact date not disclosed); sale negotiated and closed during the first quarter of fiscal 1997. Headcount not disclosed.
1997-10-25acquisition_additioncompleted1997-101997-10Marshall, Minnesota, United StatesJennie-O Foods, Inc. — turkey processingItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Purchase of the Heartland Food Company plant described as part of Jennie-O's long-term expansion program. Employees added not disclosed.
1997-10-25divestiture_reductionannounced1251997-12-171998-01-31Davenport, Iowa, United StatesBulk gelatin / specialized proteins plant and businessUSD 71 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Subsequent event: agreement announced in the first quarter of fiscal 1998 (Form 8-K filed 1997-12-17), expected to close late January 1998. The 125 production and administrative employees are included in the sale agreement. The $71.4M figure is sale consideration, not a severance or restructuring charge.
1997-10-25plant_closurecompletedHouston, Texas, United StatesProcessing plantother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Closure date and associated workforce reduction not disclosed; cannot be anchored to fiscal 1997.
1997-10-25plant_closurecompletedHillsboro, Oregon, United StatesStagg Foods, Inc. — chili and stew productionother
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Closure date and associated workforce reduction not disclosed; cannot be anchored to fiscal 1997.
1997-10-25divestiture_reductioncompleted1996-101997-03United StatesFish BusinessItem_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Sale of Farm Fresh Catfish Company closed during the first quarter of 1997.
1997-10-25divestiture_reductionannounced1251997-121998-01Davenport, IowaBulk Gelatin/Specialized ProteinUSD 71 (millions)Item_1_Business
f5-10k / Qwen3.6-27B-Q8_0
Agreement to sell plant and business to Goodman Fielder Limited for $71.4 million. Includes 125 production and administrative employees. Sale expected to close late January 1998.
1997-10-25divestiture_reductioncompleted1996-10-011997-01-31United StatesFarm Fresh Catfish Company (fish business)USD 9 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Charge recorded Q4 FY1996; sale completed Q1 FY1997, $5.2M reserve reversed in FY1997; $650K accrual retained at year-end
1997-10-25acquisition_additioncompleted1996-10-011996-10-31United StatesGrocery Products (chili)business_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired October 1996 for $40M stock plus $10M cash non-compete; headcount added not disclosed
1997-10-25acquisition_additioncompleted1997-10-011997-10-31United States (Marshall, Minnesota)Jennie-O Foods (turkey processing)Item_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Heartland Foods plant purchased October 1997 as part of Jennie-O expansion; headcount added not disclosed
1997-10-25plant_closureannounced1251997-12-171998-01-31United States (Davenport, Iowa)Bulk gelatin/specialized proteinsUSD 71 (millions)subsequent_events
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Sale of Davenport plant to Goodman Fielder Limited for $71.4M; 125 production and administrative employees included in sale agreement
1996-10-26restructuringin_progress1996-11-011997-03-31United States (Arkansas and Mississippi)Farm Fresh Catfish Company — fish businessUSD 9 (millions)restructuring_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Fourth-quarter 1996 reserve of $8.7 million ($5.4 million after tax, $.07 per share) for exit from the catfish business via sale or liquidation, including accruals and asset write-downs; Form 8-K filed 1996-11-01 announced the letter of intent for the asset sale. No employee count disclosed; sale expected to close early 1997.
1996-10-26acquisition_additioncompleted1996-10-15United States (Hillsboro, Oregon)Prepared Foods — chili and stew productsbusiness_combinations_footnote
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Acquired for $40,000,000 of company stock plus $10,000,000 cash paid to former owners under a five-year noncompete agreement; $34,052,000 of goodwill recorded. Headcount added not disclosed; Stagg Foods operated as part of the main Hormel business.
1996-10-26restructuringcompleted1996-11-01United StatesFarm Fresh Catfish CompanyUSD 5 (millions)Item 14. Exhibits and Financial Statement Schedules
f5-10k / Qwen3.6-27B-Q8_0
Charge taken against fiscal 1996 earnings for asset sale of Farm Fresh Catfish Company. Employee count not disclosed.
1995-10-28plant_closurecompleted1996-01-31Ottumwa, Iowa, United StatesProcessingItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Facility closed; a reserve for probable loss on disposition was established in fiscal 1994, and the sale was scheduled to close in the first quarter of fiscal 1996. No employee count or charge amount disclosed for fiscal 1995
1995-10-28acquisition_additioncompletedPelican Rapids, Minnesota, United StatesJennie-O Foods — PoultryItem_1_Business
f5-10k / MiMo-V2.6-Flash-fp8-HTML
Jennie-O exercised its option during fiscal 1995 to buy the assets of West Central Turkeys, Inc., a prior co-packer; no headcount or transaction value disclosed