ACNielsen Wins Contract Renewal From Hormel; Leading Multinational Food Products Company Cites Quality of ACNielsen Client Service Team and Information Tools.Business Editors SCHAUMBURG Schaum·burg A village of northeast Illinois, a suburb of Chicago. Population: 74,900. , Ill.--(BUSINESS WIRE)--May 3, 2001 ACNielsen ACNielsen is a global marketing research firm, based in Schaumburg, Illinois. This company was founded in 1923 in Chicago, Illinois, by Arthur C. Nielsen, Sr., in order to give marketers reliable and objective information on the impact of marketing and sales programs. U.S., an operating unit operating unit A type of operating company that engages in transactions with outsiders and that is owned by another business. For example, in 1995 the stockholders of Capital Cities/ABC approved a $19 billion merger with the Walt Disney Company, whereupon of ACNielsen, a VNU VNU Volontaires des Nations Unies (French) VNU Verenigde Nederlandse Uitgeversbedrijven (Dutch) VNU Virtual Network User company, announced today that Hormel Foods Corporation has agreed to renew its contract with the market research leader. Hormel Foods, manufacturer of such well known brands as DINTY MOORE Moore, city (1990 pop. 40,761), Cleveland co., central Okla., a suburb of Oklahoma City; inc. 1887. Its manufactures include lightning- and surge-protection equipment, packaging for foods, and auto parts. , JENNIE-O Jennie-O is a brand name of turkey products manufactured by Hormel in Willmar, Minnesota. The company was founded by Earl B. Olson in 1940, when he began raising turkeys. In 1949 he bought the former Farmers Produce Company of Willmar and its turkey processing plant. and SPAM, will continue to rely on ACNielsen as its preferred provider of syndicated market research and consumer insights. "ACNielsen has proven that they can provide the research resources we need to drive our business forward," said Larry Vorphahl, Hormel Foods vice president of Grocery Products Marketing. "They possess superior data quality and a great team of people who understand our business and help us make the most out of their information. ACNielsen's extensive network of solid retailer relationships was another crucial factor in our decision to renew our contract. It is much easier for us to work with retailers who rely on ACNielsen information in running their own businesses." "We are extremely pleased to have won the renewal of Hormel, a venerable company with a more than 100-year history of excellence in producing meat and other food products," said Steve Carroll Car·roll , James 1854-1907. British-born American physician noted for his research on yellow fever. In 1900 he deliberately infected himself with the disease for experimental purposes. , ACNielsen senior vice president, manufacturer client service. "The fact that Hormel did not put the contract up for bid is a strong testimony to the hard work of our client service team. All of us at ACNielsen look forward to helping Hormel build on the tremendous success it achieved in 2000." Under the new contract, Hormel Foods will continue to utilize the ACNielsen SCANTRACK(R) syndicated retail measurement service for product sales information, as well as the ACNielsen Homescan(R) consumer panel for consumer insights. In addition, Hormel Foods will: -- Increase its number of proprietary information databases from 17 to 20 -- Begin using the newly-developed ACNielsen Strategic Planner, a syndicated database of product sales information that is accessed via the Internet -- Increase its use of ACNielsen Account Level Services, a capability pioneered by ACNielsen that enables Hormel Foods to view sales within a retailer's trading area, both in terms of geography and channels of trade, exactly as the retailer has defined it The five-year agreement takes effect June 1, 2001. ACNielsen, a company of VNU N.V., is the world's leading market research firm, offering measurement and analysis of marketplace dynamics, consumer attitudes and behavior, and new and traditional media in more than 100 countries. Clients include leading consumer product manufacturers and retailers, service firms, media and entertainment companies and the Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the community. Note to Editors: Look for this press release and other ACNielsen news on the Internet at http://acnielsen.com/news |
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