Hormel Foods Corp said it would buy natural and organic meat processor Applegate Farms LLC for about $775 million to cater to an increasing demand for food free of antibiotics, hormones and artificial additives.

Credit Suisse was Hormel's financial adviser and Faegre Baker Daniels its legal counsel. Goldman Sachs & Co is financial advisor to Applegate and Ballard Spahr LLP and Fried Frank are its legal counsel.

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