Life-Science Innovations takes ownership of an existing whole-bird production facility in Melrose, Minn., a feed mill in Swanville, Minn., and associated transportation assets.
Divesture reflects Hormel Foods' continued strategic shift toward expanding its value-added protein portfolio and reducing exposure to more volatile, commodity-driven businesses.
Jeremiah Johnson, a 20-year company veteran and director of food safety management, steps into the role of vice president of global food safety and quality management.
Launch responds to the 61% of Gen Z and millennials using micro-moments to gather more frequently, and 86% of these consumers who say convenience is extremely important to them when choosing what to eat.
Hormel Foods has implemented a voluntary early retirement program for a portion of its non-plant workforce, is closing many open roles and will reduce certain positions across its office-based workforce.