Hormel Foods acquires pork processor

Jan. 2, 2005
Hormel Foods has acquired, for the purchase price of about $186 million, all of the stock of Clougherty Packing Co.

Hormel Foods has acquired, for the purchase price of about $186 million, all of the stock of Clougherty Packing Co, a privately held Southern California pork processor and creator of the Farmer John brand of pork products sold in the southwestern United States.

"Clougherty has built a very strong business in the Southwest, and projects sales of $420 million in 2004. We expect it to be immediately accretive to our Refrigerated Foods business segment," said Joel W Johnson, chairman of the board and chief executive officer.

Clougherty operates a facility in Vernon CA that should increase Hormel Foods' production of further-processed foods.

About the Author

from staff and wire reports

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!

Sponsored Recommendations

Route Optimization Mastery: Unleash Your Fleet's Potential

Master the road ahead and discover key considerations to elevate your delivery performance

Leveraging telematics to get the most from insurance

Fleet owners are quickly adopting telematics as part of their risk mitigation strategy. Here’s why.

Reliable EV Charging Solution for Last-Mile Delivery Fleets

Selecting the right EV charging infrastructure and the right partner to best solve your needs are critical. Learn which solution PepsiCo is choosing to power their fleet and help...

Overcoming Common Roadblocks Associated with Fleet Electrification at Scale

Fleets in the United States, are increasingly transitioning from internal combustion engine vehicles to electric vehicles. While this shift presents challenges, there are strategies...