Hormel Foods acquires Burke Corp.

Hormel Foods acquires Burke Corp.
Tags: Food & Beverage
August 22, 2007

AUSTIN, Minn. — Hormel Foods Corp. has announced it has purchased privately held Burke Corp., a manufacturer and marketer of pizza toppings and other fully cooked meat products, for approximately $110 million.

The company anticipates annual net sales of $125 million and expects the deal to be accretive to its fiscal 2008 earnings.

Burke Corp. manufactures and markets pizza toppings and other fully cooked meat products primarily for restaurants, foodservice establishments and manufacturers of frozen entrees and appetizers. Product lines include traditional pizza meat toppings, meatballs, Mexican meat fillings and breakfast meats.