Hormel Foods is to acquire Columbus Manufacturing, a premium deli meat and salami company, from US-based Arbor Investments for $850 million.

The addition of the Columbus brand will strengthen Hormel Foods’ position as a total deli solutions provider while enhancing its existing deli brands such as Hormel, Jennie-O, Applegate, and Di Lusso.

Jim Snee, chairman of the board, said: “The acquisition of Columbus is the catalyst for uniting all our deli businesses into one group. We received regulatory approval faster than
anticipated and are excited to start building a stronger, more united deli organisation.”