Last updated on May 28th, 2015 at 07:57 am
New Channels News In Brief
Hormel Foods Corp. plans to acquire Applegate of Bridgewater, New Jersey, a leading brand in the natural and organic value-added prepared meats category. Applegate will operate autonomously as a stand-alone subsidiary in the company’s refrigerated foods segment. Applegate has strategic relationships with a diverse set of manufacturers and processors who draw from approximately 1,800 family farms…
Dollar Tree Inc. has announced plans to sell about 330 Family Dollar stores in an effort to obtain Federal Trade Commission approval of its pending $8.5 billion acquisition of Family Dollar Stores, which the company expects to complete this July…
CVS Health Corp. plans to acquire Omnicare, a provider of pharmacy services to long-term care facilities. In all, Omnicare has approximately 13,000 employees at 160 locations in 47 states across the U.S. With this acquisition CVS Health will significantly expand its ability to dispense prescriptions in assisted living and long-term care facilities serving the senior patient population. CVS Health also will expand its presence in the rapidly growing specialty pharmacy business.
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