Hormel Foods acquires Mark-Lynn Foods for $42.5m

31/03/05 Hormel Foods Corporation has announced that it has purchased privately held Mark-Lynn Foods Inc. of Bremen, Ga., for approximately $42.5 million. The company anticipates sales of about $50 million, and expects the deal to be $.01 accretive to the 2005 earnings per share.

Mark-Lynn Foods Inc. is a leading manufacturer and distributor of a wide array of foodservice items. The company manufactures food products including salt and pepper packets, ketchup, mustard, sauces and salad dressings, creamers, sugar packets as well as jellies, desserts, and drink mixes. Hormel Foods Corporation, based in Austin, Minn., 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.