Hormel Foods announced Thursday that it had agreed to acquire Texas-based Sadler’s Smokehouse for $270 million. Sadler’s Smokehouse has been in business for more than 65 years and focuses on premium, pit-smoked meats.
“Sadler’s Smokehouse is a great company with an impressive history, talented team and an outstanding portfolio of on-trend products that resonate with consumers, customers and operators,” said Jim Snee, chairman of the board, president and chief executive officer at Hormel Foods. “This is a very strategic acquisition for our foodservice business and it gives us another successful brand to expand into the retail and deli channels.”
Sadler’s Smokehouse will continue its operations in Henderson, Texas and the asset sale is expected to be complete on March 2020.
“Hormel Foods has an excellent reputation as one of the best food companies in the world,” said Harold J. Sadler, owner, Sadler’s Smokehouse. “We are excited for our employees and family knowing Hormel Foods will continue the Sadler family legacy.”