LOS ANGELES, Dec. 31 (UPI) -- Minnesota's Hormel Foods bought Clougherty Packing, producers of Dodger Dogs and Farmer John brand meats, for $186 million in cash.
Hormel expects to keep the Clougherty Packing management team and its roughly 1,800 employees -- including 300 workers on hog farms in Central California, Arizona and Wyoming -- on their expanded payroll, the Los Angeles Times reported Friday.
"We're happy as heck," said Joe Clougherty, president of his family's namesake company. "We think it can only strengthen the brand and mean longevity for this company down the road."
Clougherty's revenue was expected to be about $420 million in 2004. Hormel, which also owns the Dinty Moore and Jennie-O brands, reported sales of $4.8 billion in fiscal 2004.
