Hormel Foods Corp. has acquired Fontanini Italian Meats and Sausages, a branded food service business, from Capitol Wholesale Meats, Inc. for $425 million.
Fontanini manufactures Italian meats and sausages as well as a variety of other premium meat products, including pizza toppings and meatballs.
“This is a strategic acquisition for our high-growth food service division,” said Jim Snee, president and chief executive officer of Hormel Foods. “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 foodservice and for Fontanini through expanded distribution and new customers.”