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The Wall Street Journal: Hormel to buy organic meat maker Applegate for $775 million

2015-05-27 00:18:58| Food - Topix.net

Hormel Foods Corp. agreed to buy Applegate Farms LLC for about $775 million, a move that would give the maker of Spam a foothold in the organic-meats category. paid $7.7 billion for Hillshire Brands Co., which makes Jimmy Dean sausages, and Post Holdings Inc. bought egg and dairy-goods company Michael Foods Group Inc. A change in consumer eating habits is underpinning consolidation in the sector.

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