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Ettinger details Hormel’s organic acquisition

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Meat & Poultry

Hormel Foods Corp. President and CEO Jeffrey Ettinger says the company has long considered ways to build a natural and organic value-added prepared meats category from the ground up.

Instead, Hormel went shopping for the segment to add to its business and on Tuesday announced the purchase of Applegate Farms LLC, the No. 1 brand in the natural and organic value-added prepared meats category, for $775 million.

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