Hormel Foods Corporation is a food company based in southeastern Minnesota , perhaps best known as the producer of SPAM luncheon meat. The company was founded as George A. Hormel & Company in Austin, Minnesota, U.S., by George A. Hormel in 1891. The company changed its name to Hormel Foods Corporation 102 years later in 1993. Hormel sells food under many brands, including the Chi-Chi's, Dinty Moore, Farmer John, Herdez, Jennie-O, Lloyd's, SPAM and Stagg brands, as well as under its own name. The company is listed on the Fortune 500. George A. Hormel worked in a Chicago slaughterhouse... before becoming a traveling wool and hide buyer. His travels took him to Austin and he decided to settle there, borrow $500, and open a meat business. Hormel handled the production side of the business and his partner, Albert Friedrich, handled the retail side. The two dissolved their partnership in 1891 so that Hormel could start a complete meat packing operation on his own. He opened George A. Hormel & Co. in the northeast part of Austin in an old creamery building on the Cedar River.
more
| NYSE symbol: | HRL |
| Founded: | 1891 |
| Headquarters: | Austin, Minnesota |
| Legal structure: | Public company |
| Annual revenue: | $6,754,900,000 |
| Net income: | $285,500,000 |
| Operating income: | $513,660,000 |
| Market cap: | $5,600,000,000 |
| Employees: | 19,000 |
| Industries: | Meat Packing Plants, Food, Meats and Meat Products |