Meat+Poultry - April 2022 - 12

BUSINESS NOTES
Jennie-O continues
Holy Grail
strategic evolution
Hormel Foods Corp. is moving forward
with shifting its Jennie-O Turkey Store
subsidiary to branded, value-added
products as the company already sees
benefits from the strategy.
" For an example, as an industry leader in
turkey, we are investing behind the Jennie-O
brand to drive greater growth in our most
profitable, high-growth product lines in retail
and foodservice, " said Jim Snee, chairman
of the board, president and chief executive
officer, during an earnings call with analysts
in early March. " In conjunction with driving
improvement in our value-added products,
we are also taking aggressive actions to
optimize our portfolio. Combined with
increased pricing, our brand investments
and SKU rationalization are leading to a
healthier business. "
Net sales for the first quarter were up
15% to $384.47 million. Sales increased
due to improved foodservice performance,
increased whole bird shipments and
pricing actions across the portfolio, the
company said.
The company remains on track to
close its Benson Ave. processing plant
in Willmar, Minn., and transitioning
employees to the company's newer and
larger facility which also is in Willmar. The
company expects this process to finish by
the second quarter.
Steak Co. now
offers HitachiGyu
beef
Holy Grail Steak Co.,
online purveyor of
genuine Kobe Beef and
other rare, high-end
steaks, has introduced its
first nose-to-tail program
featuring Hitachi-Gyu
A5 Wagyu. Hitachi-Gyu
beef is known for its
significant marbling and
soft mouth texture and is
sought by Michelin Star
steakhouses, restaurants
and food aficionados.
The Ibaraki
prefecture, located in
the Greater Tokyo area,
provides soil and a
climate ideal to raising
cattle. Hitachi-Gyu is
raised with sustainable
practices for 30 months,
contributing to its flavor.
" Hitachi-Gyu A5
Deli Star commemorates new plant opening
Just 13 months after a devasting fire
destroyed Deli Star Corp.'s processing
plant in Fayetteville, Ill., the company
marked the opening of a new
110,000-square-foot facility in St. Louis
with a ribbon cutting on Feb. 22. Missouri
Governor Mike Parson and St. Louis
Mayor Tishuara Jones were among guests
attending the ceremony, which included
Deli Star employees. The address of the
new plant is 3049 Choteau Ave. and is
located two miles from the company's
Discovery Center located at City Foundry
STL, which the company said will allow it
to offer customers product developmentto-production
expertise.
12 MEAT+POULTRY | 04.22 | www.meatpoultry.com
" Today is the culmination of years
of hard work, culinary innovation and
manufacturing excellence coming to life
under one roof, " said Justin Siegel, chief
executive officer. " In just over a year, our
team went from a pile of ashes to creating
one of the finest food production facilities
in the industry. "
The company made a point of
partnering with St. Louis-based companies
on the project's design, engineering and
construction of the LEED-certified plant.
The new facility will allow Deli Star to
process fresh cooked proteins, utilizing
sous vide technology to produce deli meats,
smoked meat and plant-based proteins.
Wagyu is a highlysought-after
delicacy.
We are thrilled to
offer a variety of cuts
beyond the popular
ribeye, filet, and strip, "
said Michael Coggins,
co-founder of Holy Grail
Steak Co. " Not only
does nose-to-tail eating
provide an opportunity
for our customers to
try something out of
the ordinary, but it is
a far more sustainable
approach to food
preparation. Every part
of the animal is used, and
nothing goes to waste. "
For more news,
visit MEATPOULTRY.com
Deli Star Corp.
http://www.MEATPOULTRY.com http://www.meatpoultry.com
Meat+Poultry - April 2022

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