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General Mills in agreement to buy organic snack maker Annie's
General Mills in agreement to buy organic snack maker Annie's

General Mills Inc. has agreed to acquire Annie’s Inc., one of the largest producers of natural and organic branded food, in a deal worth $820 million. The deal announced Monday comes as sales of organic food continue to grow rapidly in the United States, jumping 11.5% to $35.1 billion last year, according to the Organic Trade Assn. “This acquisition will significantly expand our presence in the U.S. branded organic and natural foods industry, where sales have been growing at a 12% compound rate over the last 10 years,” Jeff Harmening, General Mills’ executive vice president and chief operating officer for U.S. retail said in a prepared...

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