"This is a strategic acquisition for our high-growth foodservice division,” said Jim Snee, president and CEO of Hormel. “We have delivered a strong track record of success in the food service industry with a growing portfolio of customers in the lodging, restaurant, health care and college and university sectors. The Fontanini brand is highly regarded, and the addition of these products to our portfolio will allow us to accelerate growth for both Hormel Foods food service and for Fontanini through expanded distribution and new customers."
"The Fontanini business perfectly complements our branded foodservice business," said Jeff Baker, group vice president of foodservice at Hormel Foods. "We are excited about this new partnership and our ability to leverage key Hormel Foods resources such as R&D, operations, supply chain and finance to grow this dynamic business. While we are focused on ensuring a seamless transition and continued stewardship of the Fontanini brand, we are also excited about leveraging their new state-of-the-art production facility, which has additional capacity to produce many Hormel Foods products."