Hormel Foods acquires Columbus Manufacturing in US

US-based branded food company Hormel Foods has completed the acquisition of deli meat and salami company Columbus Manufacturing from Chicago-based Arbor Investments.

For this acquisition, Hormel Foods is reported to have paid approximately $850m.

By acquiring the Columbus brand, Hormel Foods has further strengthened its position as a total deli solutions provider and enhancing its other deli brands such as Hormel, Jennie-O, Applegate, and Di Lusso.

Hormel Foods president and chief executive officer Jim Snee said: “The acquisition of Columbus is the catalyst for uniting all our deli businesses into one group.

“We received regulatory approval faster than anticipated and are excited to start building a stronger, more united deli organisation.”

Hormel Foods expects this acquisition to be modestly accretive to earnings per share in the 2018 fiscal year.

In August, the US-food company acquired Brazilian meat firm Cidade do Sol for approximately $104m.

The Brazilian firm offers more than 70 stocks in 15 categories that include meat products such as mortadella, sausage and salami for Brazilian retail and foodservice markets under the Ceratti brand.

Based in Austin, Minnesota, Hormel Foods offers a wide range of food products under various brands, including Skippy, SPAM, Hormel Natural Choice, Applegate, Justin’s, Wholly Guacamole, Hormel Black Label, and more than 30 other brands.