December 31, 2004 |
Spam Dogs? Hormel Foods Corp., which makes the iconic canned luncheon meat, said Thursday that it had purchased Vernon-based Clougherty Packing Co., producers of Dodger Dogs and Farmer John brand meats, for $186 million in cash. The marriage of pork-product purveyors is expected to help Austin, Minn.-based Hormel meet production needs and strengthen the company's presence in California and the Southwest, particularly among the region's growing Latino population, Hormel executives said in a statement.
May 21, 2004 |
Hormel Foods Corp., maker of Spam luncheon meat and Jennie-O Turkey, said fiscal second-quarter profit rose 59% on sales of its Always Tender refrigerated meat entrees and on higher turkey prices. Net income rose to $53.7 million, or 38 cents a share, from $33.8 million, or 24 cents, a year earlier, the Austin, Minn.-based company said. Sales rose 14% to $1.14 billion.
July 31, 2003 |
It's a case of Spam vs. spam. It would seem hard to confuse the trademark canned meat with junk e-mail. But Hormel Foods Corp. thinks otherwise. Hormel, which markets the canned meat Spam, has taken issue with SpamArrest's request to trademark its name. The Seattle-based software and Internet company, whose product blocks unwanted unsolicited commercial e-mails for subscribers, filed for two international trademarks in early 2002. This year, the Austin, Minn.
August 16, 2002 |
Hormel Foods Corp. said fiscal third-quarter profit rose 15% as gains in grocery products such as Spam luncheon meat offset weaker turkey and pork sales caused by excess supplies. Net income for the three months ended July 27 rose to $38.3 million, or 27 cents a share, from $33.2 million, or 24 cents, a year earlier, the company said. Sales fell 4.4% to $933.8 million from $977 million. The results matched analysts' expectations. Austin, Minn.-based Hormel's shares rose 3 cents to $21.
February 1, 2001 |
The food company that gave the world Spam is teaming up with General Motors Corp. to use pork and turkey byproducts to help make car parts. Financial terms were not disclosed. Hormel Foods Corp. will supply GM with a binding agent made from the animal protein collagen. The binder will be used to form sand molds used for casting metal parts, said Joel Johnson, Hormel's president, chairman and chief executive.
May 18, 1999 |
Salsas, salad dressings, enchilada sauces and seasonings bearing the El Torito restaurant name make their debut this week in Ralphs supermarkets and will be shipped to other major chains in Southern California within a month. The Irvine-based restaurant chain said Monday that it has signed an agreement with Hormel Foods Corp., which will produce, distribute and market 18 El Torito products. If the items sell well, the line could be expanded and distributed outside the region, the companies said.