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Hormel gobbles up turkey operation

24-Jan-2001

Related topics: Financial & Industry

U.S. meat manufacturer Hormel Foods, on Tuesday agreed to buy US company The Turkey Store, making it the world's world's largest turkey processor. Hormel agreed to pay $334.4m in cash for the turkey operation, the sixth largest in the U.S. With this acquisition the company intends to process more than 1.2bn pounds of turkey annually.