Is Applegate Owned By Hormel?

On Aug 8, 2022

Hormel Foods Corporation (NYSE: HRL) today announced that it has entered into a definitive agreement to acquire Applegate Farms, LLC (“Applegate”), owner of the Applegate ® brand, the No. 1 brand in the natural and organic value-added prepared meats category.

Hormel Foods Corporation (NYSE: HRL) today announced the closing of its acquisition of Applegate Farms, LLC (Applegate), owner of the Applegate ® brand. Applegate® is the No. 1 brand in the natural and organic value-added prepared meats category.

Hormel Foods Corporation has announced the closing of its acquisition of US natural and organic meat company Applegate Farms, owner of the Applegate® brand. Applegate® is the No. 1 brand in the natural and organic value-added prepared meats category in the US.

Applegate Farms, LLC was founded in 1987 by Stephen McDonnell and Chris Ely, two food rebels with a cause and a mission: Changing The Meat We Eat.® At Applegate, we truly believe that the way food is raised can change and transform lives – from the farmer who grows our food to the person who eats it.

What brands are owned by Hormel Foods? 1 Applegate® brand. 2 Columbus® craft meats. 3 Dinty Moore® stew. 4 Herdez ® salsa. 5 Jennie-O® brand. 6 Justin’s® brand. 7 SKIPPY® brand. 8 Wholly Guacamole® brand.

At Applegate, we truly believe that the way food is raised can change and transform lives – from the farmer who grows our food to the person who eats it. We lead that change by raising and crafting food with care and respect for animals, people and the planet.

“Over the last 28 years Applegate has brought transparency and clean ingredients to American favorites and classics like hot dogs, bacon and deli meat,” Stephen McDonnell, Applegate founder and long-time CEO said in a statement.

Who owns Applegate Farms?

How Many Slices Of Bacon Is A Serving?

How Can I Eat Sushi On A Low Carb Diet?

Applegate has 100 employees located primarily in Bridgewater, New Jersey , and the company will be managed by this core Applegate team plus a few new folks from the parent company who will relocate to Bridgewater.

Applegate 2015 annual sales are expected to be about $340 million. The purchase price is approximately $775 million. Including estimated deal costs and fair value adjustments, the deal is projected to be neutral to Hormel Foods earnings per share in fiscal 2015, and accretive by approximately 7 to 8 cents per share in fiscal 2016.

Hormel Foods Corporation, based in Austin, Minn., is a multinational manufacturer and marketer of consumer-branded food and meat products, many of which are among the best known and trusted in the food industry. The company leverages its extensive expertise, innovation and high competencies in pork and turkey processing and marketing to bring branded, value-added products to the global marketplace. The company is a member of the Standard & Poor’s (S&P) 500 Index, S&P 500 Dividend Aristocrats for 2014, was named the 2013 Sustainable Supply Chain of the Year by Refrigerated & Frozen Foods magazine, and was again named one of “The 100 Best Corporate Citizens” by Corporate Responsibility Magazine for the seventh year in a row. Hormel Foods was also recognized as a 2015 Military Friendly Employer by G.I. Jobs magazine, on the 2015 Best for Vets Employers List by Military Times, and was named one of the 2015 40 Best Companies for Leaders by Chief Executive magazine. The company enjoys a strong reputation among consumers, retail grocers, foodservice and industrial customers for products highly regarded for quality, taste, nutrition, convenience and value. For more information, visit https://www.hormelfoods.com.

Hormel Foods was also recognized as a 2015 Military Friendly Employer by G.I. Jobs magazine, on the 2015 Best for Vets Employers List by Military Times, and was named one of the 2015 40 Best Companies for Leaders by Chief Executive magazine.

Who is the founder of Applegate Farms?

Newsletter Sign-Up. Inclusion and Diversity. Applegate Farms, LLC was founded in 1987 by Stephen McDonnell and Chris Ely , two food rebels with a cause and a mission: Changing The Meat We Eat.®. At Applegate, we truly believe that the way food is raised can change and transform lives – from the farmer who grows our food to the person who eats it.

Natural can mean many things, but to Applegate natural means our food is: From animals raised humanely without antibiotics, hormones or growth promotants. From animals fed a vegetarian or pasture-centered diet (our beef is 100 percent grass-fed) Free of added chemical nitrites, nitrates or phosphates.

Applegate progresses the mission by raising the bar on creating clean, crave-able food, being transparent across all facets of the food system and seeding the demand for more sustainable and regenerative agriculture and business practices. Today, Applegate is the No. 1 brand in the natural and organic prepared-meats category. We also make a line of natural and organic cheese. Natural can mean many things, but to Applegate natural means our food is: