off2bed
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Family-owned for generations, Clougherty Packing LLC was acquired by Hormel Foods Corp. for $186 million in December 2004. Based in Austin, Minnesota, Hormel was the fifth-largest pork packer in the United States. It owned several leading national brands, including SPAM, but was looking to increase its business in the Southwest. The region's Hispanic population consumed higher than average quantities of pork products, an analyst explained in the Los Angeles Times.
Company president Joe Clougherty and several other family members remained on board after the sale. According to Hormel officials, Clougherty was expected to reach $420 million in sales in 2004, up from $370 million in 2003. It was processing more than 1.6 million hogs and selling more than 400 million pounds of pork a year. The company then had about 1,200 employees.
And on May 20, 2008 the company signed a contract with the government for $2,531,600, for two pounds of ham.
http://www.recovery.gov/?q=content/...&id=12-AG3J14120297210&mode=details&primeid=4
Company president Joe Clougherty and several other family members remained on board after the sale. According to Hormel officials, Clougherty was expected to reach $420 million in sales in 2004, up from $370 million in 2003. It was processing more than 1.6 million hogs and selling more than 400 million pounds of pork a year. The company then had about 1,200 employees.
And on May 20, 2008 the company signed a contract with the government for $2,531,600, for two pounds of ham.
http://www.recovery.gov/?q=content/...&id=12-AG3J14120297210&mode=details&primeid=4
