Hormel Foods Acquires Sadler's Smokehouse for $270M

Global branded food company Hormel Foods Corporation has acquired Sadler’s Smokehouse, a Texas-based purveyor of premium, pit-smoked meats. 

This acquisition follows Hormel Foods’ other strategic additions to its meat-based portfolio, including Columbus Craft Meats ($850 million in 2017), Capitol Wholesale Meats ($425 million in 2017) and Applegate Farms ($775 million in 2015). 

Faegre Drinker advised Hormel Foods in connection with the deal, which closed on March 2.