SECURITIES AND EXCHANGE COMMISSION

 

Washington, D. C. 20549

 

 

FORM 8-K

 

CURRENT REPORT

 

Pursuant to Section 13 or 15 (d) of

the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported)   December 30, 2002

 

HORMEL FOODS CORPORATION

(Exact name of registrant as specified in its charter)

 

DELAWARE

(State or other jurisdiction of incorporation)

 

 

 

Registrant’s telephone number, including area code: (507) 437-5611

 

 

 

 

Item 5.  OTHER EVENTS AND REGULATION FD DISCLOSURE

 

 

Hormel Foods Corporation acquired the Diamond Crystal Brands business of Imperial Sugar Co. on Dec. 30, 2002.  Diamond Crystal Brands packages and sells various sugar, sugar substitute, salt and pepper products, savory products, drink mixes and dessert mixes to retail and foodservice customers.

 

The Company effected this acquisition through the purchase of 100 percent of the outstanding stock of the Imperial Sugar subsidiaries operating the Diamond Crystal Brands business for a total of $115 million in cash.

 

 

 

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SIGNATURES

 

 

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized.

 

 

			HORMEL FOODS CORPORATION
			(Registrant)
Dated:	January 7, 2003		By	/s/M. J. McCOY
				M. J. McCOY
				Executive Vice President
				and Chief Financial Officer
Dated:	January 7, 2003		By	/s/J. N. SHEEHAN
				J. N. SHEEHAN
				Vice President and Controller

 

 

 

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