In the spotlight: How the Applegate deal will benefit Hormel
Hormel Foods swooped to acquire natural and organic meat processor Applegate Farms earlier this week in a US$775m deal. In financial terms, the deal does not bring much to the table. Industry experts, however, have reacted favourably due to the long-term growth prospects of the natural and organic meat category. Hannah Abdulla explores what the deal means for Hormel.
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