Hormel Strengthens Foodservice Business with Recent Acquisition

Hormel acquired Burke Corp., a manufacturer and marketer of pizza toppings and other fully-cooked meat products, for about $110 million, the company said. Hormel anticipates annual net sales of $125 million and expects the deal to the accretive to its fiscal 2008 earnings.

Jeffrey M. Ettinger, chairman of the board, president and CEO, Hormel Foods, said the acquisition will expand the company


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