Company now forecasts annual revenue will hit $11 billion
Hormel Foods
The Austin, Minn.-based company reported a record $2.6 billion in sales during its second quarter, due in part to a recovering foodservice sector.
The Minnesota food company on Thursday announced that it has inked a $3.3 billion deal to buy snack nut brand Planters. Hormel CEO Jim Snee says it could pave the way for more acquisitions in the snacking space.
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The company has installed 2,000 solar panels to help reduce the facility’s greenhouse gas emissions.