In this file:
· Media Release: Hormel Foods Unveils Pretzel Bites with Cheese
· Austin, Minn., is now 'major player in peanut business' with Hormel's big buy of Planters
Hormel Foods Unveils Pretzel Bites with Cheese
New offering expands popular snacking options
Source: Hormel Foods Corporation
via PRNewswire - Feb 16, 2021
AUSTIN, Minn., Feb. 16, 2021 /PRNewswire/ -- One of the newest products to come from global branded food company Hormel Foods (NYSE: HRL) is the Hormel® pretzel bites and cheese tray, an addition to the Hormel Gatherings® line that capitalizes on the growing snack trend, an increase in home-based working and schooling, and the move to smaller get-togethers in the wake of the COVID-19 pandemic. This innovation is the first of its kind for pretzels and complementing cheese cup to be sold in the refrigerated section of the deli.
"The Hormel® pretzel bites and cheese tray comes at a perfect time," said Emily Klotz, brand manager. "Pretzels are one of the up and coming snack trends we see in the marketplace. Soft pretzel bites are increasing on restaurant menus across the United States and we are excited to bring this restaurant trends into our consumers' homes."
The Hormel® pretzel bites and cheese tray comes with 4 ounces of soft pretzel bites, 4 ounces of cheddar cheese sauce and a packet of sea salt. Ideal for up to four people, it can go from the refrigerator to the microwave to the table in just a few minutes.
Hormel® pretzel bites and cheese trays are perfect for an anytime snack and make the trend of in-home movie nights, game nights and virtual meetings a little more special.
"Consumers have told us they appreciate more than ever having something on hand that's delicious, easy to make and appeals to the whole family," Klotz said.
The Hormel® pretzel bites and cheese tray retails for $6.99-$7.99 and is available in the deli department at select retailers beginning this month. For more information, visit www.hormel.com.
ABOUT HORMEL FOODS – INSPIRED PEOPLE. INSPIRED FOOD.™
Hormel Foods Corporation, based in Austin, Minn., is a global branded food company with over $9 billion in annual revenue across more than 80 countries worldwide. Its brands include SKIPPY®, SPAM®, Hormel® Natural Choice®, Applegate®, Justin's®, Wholly®, Hormel® Black Label®, Columbus® and more than 30 other beloved brands. The company is a member of the S&P 500 Index and the S&P 500 Dividend Aristocrats, was named on the "Global 2000 World's Best Employers" list by Forbes magazine for three straight years, is one of Fortune magazine's most admired companies, has appeared on Corporate Responsibility Magazine's "The 100 Best Corporate Citizens" list for the 12th year in a row, and has received numerous other awards and accolades for its corporate responsibility and community service efforts. The company lives by its purpose statement — Inspired People. Inspired Food.™ — to bring some of the world's most trusted and iconic brands to tables across the globe. For more information, visit www.hormelfoods.com.
SOURCE Hormel Foods Corporation
Austin, Minn., is now 'major player in peanut business' with Hormel's big buy of Planters
Hormel Foods' $3 billion acquisition of the Planters peanuts, Cheez Balls and Corn Nuts brands means it can now dominate the snack table at any party with meat trays, Chi-Chi’s chips and salsas, Hormel Chili, and Hormel Pepperoni on pizza.
By: Jeff Kiger, Duluth Mews Tribune (MN)
Feb 13th 2021
AUSTIN, Minn. — It’s a party at Hormel Foods these days in the wake of its $3 billion acquisition of the Planters peanuts, Cheez Balls and Corn Nuts brands, its largest ever deal.
Jim Sheehan, Hormel’s executive vice president and chief financial officer, said adding the Planters snack brands to Hormel’s meat trays, Chi-Chi’s chips and salsas, Hormel Chili, and Hormel Pepperoni means that soon Austin, Minnesota's Fortune 500 company will dominate any gathering like a Super Bowl party.
“Now that we have the nut section, you could have a complete social event and never buy a product outside of Hormel’s brand,” he said.
This deal, which is expected to close in the second quarter, shows Hormel’s hunger for the "high-growth area of snacking,” according to Sheehan.
“Snacking is significant. This will give us a number brand in the nut category,” he added.
This adds more non-meats to Hormel’s portfolio. When this deal is done, 25% of its retail sales will be of non-meat products...
... Hormel believes that legacy brands, such as Planters or even Spam, can be preserved, while also being updated and expanded. The company has been working to create new products, such as Skippy squeeze peanut butter and its plant-based Happy Little Plants line...
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