SECURITIES AND EXCHANGE COMMISSION
Washington, D. C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15 (d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) June
10, 1994
GEO. A. HORMEL & COMPANY
(Exact name of registrant as specified in its
charter)
DELAWARE
(State or other jurisdiction of incorporation)
1-2402 41-0319970
(Commission File Number) IRS Employer Identification Number)
1 Hormel Place, Austin, Minnesota 55912
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (507)
437-5737
Pages: This report contains four (4) pages numbered
sequentially from this cover page.
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Item 5. OTHER MATERIALLY IMPORTANT EVENTS
June 10, 1994
The Company announced today it is seeking to purchase most
of the consumer foods businesses comprising Nalley's Fine
Foods Division and Nalley's Canada Limited, currently
owned by Curtice-Burns, Inc., Rochester, New York. The
purchase of Nalley's by the Company is subject to the
prior acquisition of Curtice-Burns by Dean Foods Company,
Franklin Park, Illinois.
Nalley's, headquartered in Tacoma, Washington, is a
regional processor and marketer of consumer-branded chili,
stew, microwave meals, salad dressings, pickles, peanut
butter, dips and salsa. The purchase of Nalley's by the
Company is contingent on successful negotiations of
definitive agreements, completion of due diligence,
required government consent and approval of the Hormel
Foods Corporation Board of Directors.
Also the following Press Release:
FOR RELEASE UPON RECEIPT:
AUSTIN, MINN. (June 9, 1994) -- Hormel Foods
Corporation announced today it is seeking to purchase most
of the consumer foods businesses comprising Nalley's Fine
Foods Division and Nalley's Canada Limited, currently
owned by Curtice-Burns, Inc., Rochester, N.Y. The purchase
of Nalley's by Hormel Foods is subject to the prior
acquisition of Curtice-Burns by Dean Foods Company,
Franklin Park, Ill.
Nalley's Fine Foods, headquartered in Tacoma, Wash., is a
strong regional processor and marketer of consumer-branded
chili, stew, microwave meals, salad dressings, pickles,
peanut butter, dips and salsa.
"Hormel Foods' interest is in acquiring the assets of
Nalley's in order to obtain several well-established
consumer brands in the Pacific Northwest," said V. Allan
Krejci, director of public relations. "These valuable
product additions are compatible with our current mix of
high-quality, consumer-oriented foods and, coupled with
our marketing, sales and distribution strengths, clearly
extend the Company's focus in a geographic area we are
striving to improve."
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Joel W. Johnson, president and chief executive officer,
expressed pleasure with the proposed purchase. "The
acquisition of these high quality, well-recognized brands
in the Northwest will provide incremental volume to our
already successful and growing Grocery Products Division
and Foodservice Group," he stated. "Hormel Foods is
impressed with the consistently strong performance of the
Nalley's organization."
Core brands of Nalley's Fine Foods Division that have
attained leadership status in the Pacific Northwest
include Nalley's canned meats and entrees; Bernstein's
pourable dressing; Nalley's spreadable dressing; Farman's
and Nalley's pickles, and Adams natural peanut butter, all
of which are sold through retail and foodservice channels.
Total sales of these and other branded products included
in the proposed purchase exceed $180 million.
Krejci noted that the purchase is contingent on
negotiation of definitive agreements; completion of due
diligence; required government consent to the transaction,
and approval by the Hormel Foods Board of Directors. No
price or other terms of the impending agreement were
disclosed.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange
Act of 1934, the Registrant has duly caused this Report
to be signed on its behalf by the undersigned thereunto
duly authorized.
GEO. A. HORMEL & COMPANY
(Registrant)
By
D. J. HODAPP
Executive Vice President
and Chief Financial Officer
By
R. J. THATCHER
Vice President and
Treasurer
Dated: June 10, 1994
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