News Release

Hormel Foods Corporation Acquires Saag’s Products, Inc.

Hormel Foods Corporation, based in Austin, Minnesota, has acquired Saag's Products, Inc., a specialty meat and sausage company renowned as a symbol of the finest quality and craftsmanship in sausage and specialty meats on the West Coast.  Saag's offers more than 100 varieties of sausage and specialty meats in almost every category:  frankfurters, traditional entrée sausages, gourmet poultry sausages, breakfast links, roast beef, roast turkey, hams, pate, sandwich meats, dry and semi-dry salamis and snack meats.  Its wurstmeisters in San Leandro, California make sausages in small batches using the finest ingredients in order to ensure the highest quality and best taste.  For more information, visit www.saags.com.

Hormel Foods is a multinational manufacturer and marketer of consumer-branded food and meat products, many of which are among the best known and trusted in the food industry.  The company leverages its extensive expertise, innovation and high competencies in pork and turkey processing and marketing to bring quality value-added brands to the global marketplace.  The company enjoys a strong reputation among customers, retail grocers, foodservice and industrial customers for products that are highly regarded for quality, taste, nutrition, convenience and value.  For more information, visit www.hormel.com.

The J.H. Chapman Group initiated this transaction, acted as the financial advisor to Hormel Foods Corporation and assisted in the negotiations.  J.H. Chapman Group is the food industry's leading investment banking firm, with offices in Chicago and Paris, offering a full range of financial advisory services to the food, food ingredients, and restaurant industries in the United States and internationally.