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Hormel Foods to buy meat firm Applegate for $775m
2015-05-27 01:00:00| Food Processing Technology
US-based food and meat products producer Hormel Foods has signed an agreement to acquire natural and organic meat firm Applegate Farms for around $775m.
Hormel Foods (HRL) Stock Soaring After-Hours on Applegate Farms Acquisition
2015-05-27 00:18:59| Food - Topix.net
The acquisition allows the maker of Spam a secure position in the organic meats category, The Wall Street Journal reports. "A growing number of consumers are choosing natural and organic products.
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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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Hormel to buy privately-held Applegate Farms for about $775 million
2015-05-26 23:15:50| Food - Topix.net
Hormel said it expects the deal to be neutral to its 2015 per-share earnings, but to add 7 cents to 8 cents a share to its 2016 earnings. Bridgewater, NJ.-based Applegate is a leading brand in the natural and organic prepared foods sector.
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Hormel Foods nears deal for Applegate Farms: Reuters
2015-02-13 16:35:00| Food - Topix.net
Hormel Foods Corp is in late-stage talks to acquire Swander Pace -backed Applegate Farms LLC , a privately held producer of organic hot dogs, bacon and sausages, to enhance its branded protein offerings, according to people familiar with the matter. A deal for Applegate Farms could be announced as early as next week and value the Bridgewater, New Jersey-based company at between $600 million and $1 billion, the people said, asking not to be named because the matter is confidential.
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