Deal Snapshot
HORMEL FOODS ADDS SADLER´S SMOKEHOUSE BUSINESS TO BRANDED FOOD COMPANY
Tuesday 25 February 2020

Minnesota, US-based branded food company Hormel Foods Corp. (NYSE: HRL) has agreed to acquire Texas-based Sadler's Smokehouse, specialising in pit-smoked meats, to expand into the retail and deli channels, the company said.
The transaction was structured as an asset sale and is expected to close in March 2020, subject to customary closing conditions.


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Details
Date Published: 25/02/2020
Target: Sadler´s, ┬áSmokehouse
Country: USA
Sector: Food/Beverages/Tobacco
Type: Corporate acquisition
Financing:
Status: Agreed
Vendor:
Buyer: Hormel Foods Corp
Comment:
Terms of the deal were not disclosed

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