A Hormel bacon bits plant in St. James, Minn., will close in May, cutting work for 75 employees. Austin, Minn.-based Hormel Foods, will be expanding its plant in Dubuque, Iowa, for the first phase of a major project to create more bacon-toppings products.
Sales for the U.S. restaurant industry sales are projected to exceed $683 billion in 2014, an increase of 3.6% from last year, according to a forecast released late on Wednesday by the National Restaurant Association.
With growth of private-label products building for several years, these days, such products are taking a bigger bite of the sales total in grocery aisles. Supermarkets are also spending more to upgrade the products.