Hormel Foods Corp., a global branded food company, has reached an agreement to acquire Henderson, Texas-based Sadler’s Smokehouse. Sadler’s Smokehouse is a family-owned business that specializes in premium and authentic pit-smoked meats for retail and foodservice customers. Hormel Foods has been a customer of Sadler’s Smokehouse for more than two decades.
“Sadler’s Smokehouse is a great company with an impressive history, talented team and an outstanding portfolio of on-trend products that resonate with consumers, customers and operators,” said Jim Snee, chairman of the board, president and CEO at Hormel Foods. “This is a very strategic acquisition for our foodservice business and it gives us another successful brand to expand into the retail and deli channels.”
“Hormel Foods has an excellent reputation as one of the best food companies in the world,” said Harold J. Sadler, owner, Sadler’s Smokehouse. “We are excited for our employees and family knowing Hormel Foods will continue the Sadler family legacy.”
Sadler’s Smokehouse will continue operations from the Henderson, Texas, facility and will report into the Refrigerated Foods segment. The transaction was structured as an asset sale and is expected to close in March, subject to customary closing conditions.
Hormel Foods Corp. is based in Austin, Minnesota, and has more than $9 billion in annual revenue across 80 countries worldwide. Its brands include Skippy, Spam, Hormel Natural Choice, Columbus, Applegate, Justin’s, Wholly, Hormel Black Label and more 30 other brands.
