Hormel Foods finalises sale of Nebraska pork processing facility

5 December 2018, at 12:00am

On Monday, Hormel Foods Corporation announced its completion of the the sale of its Fremont, Nebraska, processing facility to Wholestone Farms, LLC.

The transaction includes a processing facility and a multi-year agreement to supply pork raw materials to Hormel Foods.

The current Fremont plant management team and workforce will remain in place to ensure business continuity for all stakeholders.

The purchase price was $30 million in cash, subject to select inventory and administrative adjustments.