Hormel Foods Corporation, a leading global branded food company, today announced it has reached an agreement to acquire Texas-based Sadler’s Smokehouse. Sadler’s Smokehouse is a family-owned business that specializes in premium and authentic pit-smoked meats for retail and foodservice customers. Hormel Foods has been a customer of Sadler’s Smokehouse for over two decades.
Sadler’s Smokehouse will continue operations from the Henderson, Texas, facility and will report into the Refrigerated Foods segment. The transaction was structured as an asset sale and is expected to close in March 2020, subject to customary closing conditions.
Hormel Foods will provide further comments about the transaction during its first quarter earnings call on February 20th at 8:00 a.m. CST.