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Hormel Foods closes Applegate Farms purchase

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Hormel Foods closes Applegate Farms purchase

Hormel Foods Corp. on July 13 closed its deal to acquire Applegate Farms LLC for a transaction value of $775.0 million.

In addition to general closing conditions, the deal required additional review for antitrust concerns.

Credit Suisse (USA) Inc. was the financial adviser for Hormel Foods, and Faegre Baker Daniels LLP was the legal adviser.

Goldman Sachs & Co. LLC was the financial adviser for Applegate Farms, while Ballard Spahr LLP and Fried Frank Harris Shriver & Jacobson LLP were the legal advisers.