On the Record · Hormel Foods
Hormel Foods acquisitions, on the record
The businesses Hormel Foods bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Planters ® snack nuts businessWord for word“On June 7, 2021, the Company acquired the Planters ® snack nuts business for $3.4 billion and used a third-party valuation specialist to perform the valuation of the assets acquired.” 10-K for 2023 | acquisition | June 7, 2021 | $3.4 billion |
GarudafoodWord for word“The Company has made several acquisitions, joint ventures, equity investments, and divestitures in recent years, including the purchase of a minority interest in Garudafood in fiscal 2023 and the divestiture of Hormel Health Labs, LLC in fiscal 2024.” 10-K for 2024 | agreed acquisition | in fiscal 2023 | — |
Mountain Prairie, LLCWord for word“On November 18, 2024, the Company sold its equity interests in a non-core sow operation, Mountain Prairie, LLC, and related assets to Chaparral Ranches, LLC for $ 13.6 million.” 10-K for 2025 | divestiture | On November 18, 2024 | $ 13.6 million |
Justin's business (51% controlling position)Word for word“Subsequent to the end of the fiscal year, the Company announced a definitive agreement to sell a 51 % controlling position in the Justin’s ® business to Forward Consumer Partners, LLC based on a preliminary enterprise value of $ 125 million.” 10-K for 2025 | agreed divestiture | — | $ 125 million |
| Fiscal year ended | Cash received from selling businesses | Goodwill from acquisitions |
|---|---|---|
| 2016-10-30 | $110.1 million | $186.4 million |
| 2017-10-29 | $135.9 million | $297.1 million |
| 2018-10-28 | $0 | $610.6 million |
| 2019-10-27 | $479.8 million | — |
| 2020-10-25 | $0 | $148.3 million |
| 2021-10-31 | $0 | $2.31 billion |
| 2022-10-30 | $0 | — |
| 2023-10-29 | $0 | — |
| 2024-10-27 | $25 million | — |
| 2025-10-26 | $13.1 million | — |
Deal filings since 2016
- 2026-09-30 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2025-03-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2024-03-08 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-06-07 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2021-05-26 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-05-06 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2021-02-11 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2020-06-10 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
- 2017-11-28 Form 8-K, Item 2.01: Completion of Acquisition or Disposition of Assets
- 2017-10-31 Form 8-K, Item 1.01: Entry into a Material Definitive Agreement
Read from Hormel Foods’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2025-12-05. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.