Hormel buys Applegate

Hormel buys Applegate

Hormel Foods announced it would purchase natural and organic brand Applegate Farms for approximately $775 million.

The deal is subject to regulatory approvals but is expected to be finalized within 60 days.

While Hormel plans to bring in some of its personnel to work with Applegate’s 100 employees, the company will operate as a standalone subsidiary in Hormel’s refrigerated foods segment.

“A growing number of consumers are choosing natural and organic product

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