Hormel Foods Corp. announced this week that it has officially closed its acquisition of Texas-based Sadler’s Smokehouse, a maker of premium and authentic pit-smoked meats for retail and foodservice customers. Hormel had been a customer of Sadler’s Smokehouse for more than two decades prior to the purchase.
Sadler’s Smokehouse will continue operations from the Henderson, Texas, facility and will report into Hormel's Refrigerated Foods segment. Hormel expects this acquisition to be neutral to slightly negative to fiscal 2020 earnings, as the company plans to make immediate investments into the business and production facility.
“Sadler’s Smokehouse is a great company with an impressive history, talented team and an outstanding portfolio of on-trend products that resonate with consumers, customers and operators,” Hormel board chairman, president and chief executive officer Jim Snee said when the transaction was originally announced. “This is a very strategic acquisition for our foodservice business, and it gives us another successful brand to expand into the retail and deli channels.”
Harold Sadler, former owner of Sadler’s Smokehouse, said, “Hormel Foods has an excellent reputation as one of the best food companies in the world. We are excited for our employees and family knowing Hormel Foods will continue the Sadler family legacy.”