Spam maker Hormel Foods (HRL) - at the "higher end of the Chinese market" - wants to expand...

|About: Hormel Foods Corporation (HRL)|By:, SA News Editor

Spam maker Hormel Foods (HRL) - at the "higher end of the Chinese market" - wants to expand there via acquisition or joint venture, and could spend up to $1.5B, says its CEO. Hormel generates $47M in annual sales in China.