Hormel Foods acquires maker of Columbus Craft Meats
The company will continue to operate from California and will report into the refrigerated foods segment.
Hormel Foods Corp., Austin, Minn., entered into a definitive agreement to acquire Columbus Manufacturing, Inc., an authentic, premium deli meat and salami company, from Chicago-based Arbor Investments for approximately $850 million. This strategic acquisition positions Hormel Foods as a total deli solutions provider and enhances its other deli brands such as Hormel, Jennie-O, Applegate and Di Lusso.
“We are pleased to add Columbus to the Hormel Foods family. Columbus has an outstanding reputation in the food industry and is well-positioned in the advantaged retail deli category,” says Jim Snee, president and CEO at Hormel Foods. “Columbus is capitalizing on one of the fastest-growing areas in the retail grocery store with premium, authentic products that are on-trend with today’s consumers who are looking for unique experiences, flavors and products.”