Hormel enhances nutritionals unit
This article was originally published in The Tan Sheet
Executive Summary
Purchase of Sparta, Wisc.-based Century Foods International for $115 mil. in cash announced July 31. Addition "will significantly strengthen our existing product offerings through our specialty foods group," Hormel CEO Joel Johnson says. CFI is a manufacturer of nutritional products, and supplier of ingredients for protein powders and nutrition bars sold to health, sports and nutritional and food supplement industry. Austin, Minn.-based Hormel acquired Diamond Crystal Brands, seller of nutritionally enhanced products, in May 2001...