Faegre Baker Daniels is representing Hormel Foods Corporation in the approximately $775 million acquisition of Applegate Farms, LLC. Hormel entered a definitive agreement with Applegate on May 26, and the transaction is expected to close within 60 days.
This is the largest purchase Hormel has taken on, out-valuing the $700 million acquisition of Skippy® in 2013 and 2014’s $450 million acquisition of CytoSport Holdings, the maker of Muscle Milk®. Applegate Farms owns the Applegate brand, a leader in the natural and organic value-added prepared meals category.
FaegreBD attorneys Mike Stanchfield, Ryan Miske, and Adam Hertzke are leading the deal team that includes Lisa Pugh, Dan Prokott, Rick Duncan, Craig Komanecki, Page Fleeger, Megan Hladilek, Marc Levy, Paul Moe, and Jacob Bylund.