Hormel to acquire Applegate

Hormel to acquire Applegate

HORMEL Foods Corp. announced May 27 that it has entered into a definitive agreement to acquire Applegate Farms LLC, owner of the number-one brand -- Applegate -- in the natural and organic value-added prepared meats category.

The transaction is subject to customary closing conditions, including the receipt of regulatory approvals in the U.S., and is expected to close within 60 days.

"A growing number of consumers are choosi

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