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Stock impact report

Rochelle Foods Announces Pause in Production

Hormel Foods Corporation (HRL) 
Last hormel foods corporation earnings: 2/20 06:30 am Check Earnings Report
US:NYSE Investor Relations: investor.hormelfoods.com
Company Research Source: PR Newswire
ROCHELLE, Ill., April 18, 2020 /PRNewswire/ -- Rochelle Foods, LLC will pause production for a period of 14 days based on a notice of closure from the local health department. The company is working with local officials to further understand the closure order and consulting with internal and external subject matter experts to understand next steps to reopen the facility. The closure is in response to further spread of COVID-19 in the area and the impact on the production facility which makes retail and foodservice products. The company has committed to pay its team members during these 14 days. Rochelle Foods is a wholly-owned subsidiary of Hormel Foods Corporation (NYSE:HRL)."We have decided to close our facility to ensure a broader understanding of COVID-19 and the impact to our operations," said Bill Rice, Plant Manager. "Unfortunately, the outbreak has had an effect on our ability to fully operate. We have been part of the fabric of this community for decades, so this news is incr Show less Read more
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