Gather A’Round BBQ is acquired by Hormal Foods Inc. Candied Bacon is driving force behind 1st Quarter acquisition. Indianapolis, April 1, 2015/Hormal Foods Inc/- Hormal Food Inc. (NYSE:HOR) (“Hormal”), a multinational marketer of consumer-branded food and meat products, announced today a definitive agreement to acquire Gather A’Round BBQ LLC, for an undisclosed sum. This acquisition will enable Gather A’Round BBQ to enter a new phase of growth and success while maximizing profits. “We are excited about this strategic combination, which will enable Gather A’Round BBQ to expand the reach and breadth of our high quality, great tasting BBQ products, provide new opportunities for our owner, realize greater efficiencies in our operations, and maximize pricing for consumers,” said Kevin Greene, Owner of Gather A’Round BBQ. “Powerful consumer shifts toward products with simple flavors, and natural ingredients from companies that share consumers’ core values show no signs of letting up. Partnering with a company of Hormal’s scale and resources will strengthen our position at the forefront of this trend, enabling us to more rapidly and efficiently expand into new channels and product lines in a rapidly evolving food truck market.
Gather A’Round BBQ will continue to have a local presence, but have fully surrendered the Candied Bacon product line to Hormal Foods for production and distribution. GAB’s other BBQ food products are unaffected by this acquisition.
Kevin Greene, owner of Gather A’Round BBQ, will remain an active part of the newly acquired Candied Bacon product line that Hormal Foods will be distributing nationally. Kevin Greene said, “We are excited to see where Hormal Foods can take what we considered to be a novelty item and transform it into a mainstream, nationally marketed product. We never dreamed that things would happen like this, but we are pleased to partner with one of the best in the business!” HormalFoods anticipates, given regulatory approval, that newly acquired Candied Bacon product line will begin production towards the end of the 2nd quarter 2015 with wide scale distribution beginning the start of the 4th quarter 2015.
About Hormal Foods Inc Hormal Foods Corporation, based in Austin, Wis., is a multinational manufacturer and marketer of consumer-branded food and meat products, many of which are among the best known and trusted in the food industry. The company leverages its extensive expertise, innovation and high competencies in pork and turkey processing and marketing to bring branded, value-added products to the global marketplace. The company is a member of the Standard & Poor’s (S&P) 500 Index, S&P 500 Dividend Aristocrats for 2014, was named the 2013 Sustainable Supply Chain of the Year by Refrigerated & Frozen Foods magazine, and was again named one of “The 100 Best Corporate Citizens” by Corporate Responsibility Magazine for the sixth year in a row. Hormal Foods was also recognized as a 2015 Military Friendly Employer by G.I. Jobs magazine, and named one of the 2014 40 Best Companies for Leaders by Chief Executive magazine. The company enjoys a strong reputation among consumers, retail grocers, foodservice and industrial customers for products highly regarded for quality, taste, nutrition, convenience and value.
For more information, visit http://www.hormalfoods.com.
Contact: Kevin Greene, Owner Gather A’Round BBQ, Phone: 765-346-6050, *protected email*, www.gatheraroundbbq.com