Company Overview - The HERDEZ® brand is recognized as the No. 1 selling brand of salsa in Mexico and leads the authentic Mexican salsa market in the US [6] - HERDEZ® is part of MegaMex Foods, a rapidly growing Mexican food company in the US focused on innovative flavor experiences [6] - Hormel Foods Corporation, the parent company, generates approximately 12billioninannualrevenueandoperatesinover80countries[7]ProductLaunch−HERDEZR◯isexpandingitsMexicanRefrigeratedEntreˊeslinewiththeintroductionofHERDEZR◯AlPastorSeasonedShreddedPorkwithSauce,whichfeaturesseasonedshreddedporkinarichsauce[1][2]−Thenewproductisdesignedtocatertothegrowingconsumerdemandforglobal−inspiredmealsolutionsthatareconvenientandflavorful[3][4]MarketTrends−Thereisasignificantriseindemandforconvenientmealsolutions,particularlyamongyoungerconsumerswhopreferquality,nutrition,andeaseofpreparation[4]−Heat−and−eatmeatentreeslikeHERDEZR◯AlPastorprovideasmartalternativetotakeoutortraditionalcooking,maintainingtasteandquality[4]PricingandAvailability−TheretailpriceforHERDEZR◯AlPastorSeasonedShreddedPorkwithSaucerangesfrom9.98 to $10.98 and is available in major retailers nationwide [5]