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...

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