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Corporate Profile

Hormel Foods Corporation, a Delaware corporation (the Company), was founded by George A. Hormel in 1891 in Austin, Minnesota, as George A. Hormel & Company. The Company is primarily engaged in the production of a variety of meat and food products and the marketing of those products throughout the United States and internationally. Although pork and turkey remain the major raw materials for Hormel products, the Company has emphasized for several years the manufacture and distribution of branded, value-added consumer items rather than the commodity fresh meat business. The Company has continually expanded its product portfolio through organic growth, new product development, and the completion of numerous strategic acquisitions.

The Company’s business is reported in five segments: Grocery Products, Refrigerated Foods, Jennie-O Turkey Store, Specialty Foods, International and Other. Domestically, the Company sells its products in all 50 states through Company sales personnel, independent brokers, and distributors. Through Hormel Foods International Corporation, the Company markets its products in various locations throughout the world. Some of the larger markets include Australia, Canada, China, England, Japan, Mexico, and Micronesia. Products are sold to retailers, wholesalers, foodservice distributors and operators, and other outlets worldwide.

With more than 19,600 employees, Hormel Foods is owned by approximately 11,600 shareholders of record. Hormel Foods common stock is listed on the New York Stock Exchange under the ticker symbol HRL.