Maker of Spam Grows With Deals, Ideas
Austin, Minn. — Consumers are becoming more leery of processed foods, yet Spam is still plugging along. Hormel Foods Corp. is even introducing a dried, bite-size snack version of the 78-year-old paragon of processing. At the same time, Hormel is crossing a new meat frontier — organic and natural — with its recent $775 million purchase of Applegate Farms. While Spam Snacks is a small bet and Applegate Farms a big one, they represent...
Hormel agrees to buy organic and natural meat maker Applegate Farms
Hormel to Buy Organic and Natural Meat Maker Applegate Farms Minneapolis — Hormel Foods has agreed to buy Applegate Farms, a leading organic and natural meat maker, for $775 million, its largest acquisition and a big play in the hot organic food market. The buyout of Bridgefield, N.J.-based Applegate is also the latest of three major deals for Hormel over the past two years, as the packaged food company, based about 100 miles south of...
