Hormel Foods Corporation
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| Public | |
| Traded as | : HRL S&P 500 Component |
| Industry | Food processing |
| Founded | 1891 |
| Founder | George A. Hormel |
| Headquarters | Austin, Minnesota, United States |
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Number of locations
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40 Manufacturing & Distribution Facilities |
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Key people
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| Products | Deli meat, ethnic foods, pantry foods, Spam |
| Revenue |
 US$ 8.230 billion (2012) |
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US$ 764.6 million (2012) |
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US$ 500.0 million (2012) |
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| Total assets |
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| Total equity |
US$ 2.819 billion (2012) |
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Number of employees
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19,700 (2013) |
| Divisions | Grocery Products Refrigerated Foods Jennie-O Turkey Store Specialty Foods International & Other |
| Website | www |
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Footnotes / references |
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Hormel Foods Corporation is an American food company based in Austin, Minnesota. The company was founded as George A. Hormel & Company in Austin by George A. Hormel in 1891. It changed its name to Hormel Foods in 1993.
Hormel sells food under many brands, including the Applegate, Chi-Chi's, Dinty Moore, Farmer John, Herdez, Jennie-O, Justin's, Lloyd's, Muscle Milk, Skippy, Spam, Stagg, La Victoria and Wholly Guacamole brands, as well as under its own name. The company is listed on the Fortune 500.
George A. Hormel (born 1860 in Buffalo, New York) worked in a Chicago slaughterhouse before becoming a traveling wool and hide buyer. His travels took him to Austin and he decided to settle there, borrow $500, and open a meat business. Hormel handled the production side of the business and his partner, Albert Friedrich, handled the retail side. The two dissolved their partnership in 1891 so that Hormel could start a complete meat packing operation on his own. He opened George A. Hormel & Co. in the northeast part of Austin in an old creamery building on the Cedar River. To make ends meet in those early days, Hormel continued to trade in hides, eggs, wool, and poultry. Joining George in November 1891 was his youngest brother, Benjamin, age 14. By the end of 1891 Hormel employed six men and had slaughtered and sold 610 head of livestock. By 1893, the increased use of refrigerator cars and greater efficiency had forced smaller businesses to collapse. Two additional Hormel brothers, Herman and John, joined the business that same year, and together they processed 1,532 hogs. The remaining members of the Hormel family moved to Austin in 1895 and joined the growing business. George turned to full-time management in 1899, and focused on increasing production.
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