Hormel highlights Planters acquisition in 2021 annual report
Hormel Foods Corporation (Hormel) highlights the growth potential for the company following the acquisition of Planters. The company states that the Planters snack nuts business acquisition is the largest acquisition in the company’s history. Additionally, Hormel expects that the acquisition will increase their presence in the convenience store channel. Hormel continues to say that the Planters brand is expected to amplify growth in the snacking and entertaining sector, which they believe will be a key driver for company growth.
ESG|M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
Lorem Ipsum text header Report Title
Lorem ipsum dolor sit amet, consectetur adipiscing elit. Maecenas non leo lacinia, consectetur ipsum non, pretium augue. Vestibulum accumsan dignissim massa, eu scelerisque mi malesuada ut. Aliquam scelerisque facilisis nisl ac varius. Nunc luctus nunc vel eros iaculis, vitae tristique ante fringilla. Ut vitae vulputate est, vel lacinia nisi. Curabitur eget nulla vitae mi faucibus imperdiet. Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.
Cras sagittis arcu eu diam pharetra iaculis eget sit amet risus. Morbi eget turpis ut diam commodo congue id eu lacus.