Hormel merges its grocery products and specialty foods segments

US-based Hormel Foods has merged its Specialty Foods segment into its Grocery Products segment.

Hormel’s Specialty Foods portfolio consists of health and nutrition products such as Muscle Milk protein products.

With this merger, the company will be focusing on delivering a branded portfolio of products to the evolving retail environment of food, drug, mass, club, and E-commerce.

Hormel Foods board chairman, president and chief executive officer Jim Snee said: “I am confident that the consolidation of these two segments will deliver revenue and cost synergies in all aspects of the business while continuing to deliver industry-leading growth.

“The Grocery Products segment will be a model for strategic management of iconic brands such as the SPAM family of products and SKIPPY peanut butter products, while also nurturing the continued growth of franchises like Wholly Guacamole dips, Muscle Milk protein products, and Justin’s nut butter.”

The Grocery Products segment is reported to have delivered consistent and profitable growth to the company by focusing on category-defining legacy brands, nut butter and multi-cultural food innovation.

Based in Austin, Minnesota, Hormel Foods has been offering a wide range of food products, which are distributed to more than 80 countries across the globe.

Its products are sold under various brands, including Skippy, SPAM, Hormel Natural Choice, Applegate, Justin’s, Wholly Guacamole, Hormel Black Label, and more than 30 other brands.