WHILE meat and processed foods manufacturer Hormel Foods was busy acquiring one of the biggest names in the peanut butter business (NewsWatch, page 2), it also divested its animal nutrition business.
Hormel announced last week that it completed the sale of Hormel Agri-Nutrition to Marshall, Minn.-based Ralco Nutrition.
"It was a perfect fit. Hormel Foods was looking to exit the feed business to focus on their core business," said Ralco president Jon Knochenmus. "Ralco's core business is livestock and poultry nutrition. It's an example of both companies focusing on what they do best."
Ralco said the acquisition expands its feed division by adding Hormel's existing sales and technical staff, which will maintain service continuity for customers.
Terms of the deal were not disclosed.
Ralco is a family-owned business that sells and distributes animal nutrition, animal health and agronomy products throughout the U.S. and Canada and in more than 20 other countries.