The Austin, Minnesota-based food company has become an “anchor” investor in venture capital fund Green Circle Greentech Ventures, which targets startups working on meat substitutes and plant-based foods.
Hormel Foods
The Austin, Minnesota-based food company says it will move the plant’s workers to a larger facility in Willmar.
The Austin, Minn.-based purveyor of Spam and other meat products takes a leap into alternative proteins.
Company now forecasts annual revenue will hit $11 billion
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.
Covid-19 didn’t kill internships. U.S. Bank, Hormel discover new ways to convey culture and experience while remote.
The company has installed 2,000 solar panels to help reduce the facility’s greenhouse gas emissions.