AUSTIN, MINN. — Hormel Foods Corp. has acquired Henderson, Texas-based Sadler’s Smokehouse, a business that specializes in premium and pit-smoked meats for retail and food service customers.

The company has been a customer of Sadler’s for more than two decades.

“Sadler’s Smokehouse is a great company with an impressive history, talented team and an outstanding portfolio of on-trend products that resonate with consumers, customers and operators,” said James P. Snee, chairman of the board, president and chief executive officer at Hormel. “This is a very strategic acquisition for our food service business and it gives us another successful brand to expand into the retail and deli channels.”

Hormel Foods said Sadler’s Smokehouse will keep its operations at the Henderson facility and will report to the Refrigerated Foods segment. The transaction was structured as an asset sale and is expected to close by March, subject to customary closing conditions.

“Hormel Foods has an excellent reputation as one of the best food companies in the world,” said Harold J. Sadler, owner of Sadler’s Smokehouse. “We are excited for our employees and family knowing Hormel Foods will continue the Sadler family legacy.”