PURCHASE AGREEMENT by and among HORMEL FOODS CORPORATION, APPLEGATE FARMS, LLC, THE MANAGEMENT SELLERS LISTED ON EXHIBIT A, WEISER, INC., STEPHEN M. MCDONNELL, SPC PARTNERS IV, L.P., K&E INVESTMENT PARTNERS, L.P. and APPLEGATE INVESTMENT CORPORATION...Purchase Agreement • June 5th, 2015 • Hormel Foods Corp /De/ • Meat packing plants • Delaware
This PURCHASE AGREEMENT (as amended or modified from time to time, this “Agreement”), dated as of May 26, 2015, is by and among (i) Hormel Foods Corporation, a Delaware corporation (“Buyer”), (ii) Applegate Farms, LLC, a Delaware limited liability company (the “Company”), (iii) the Management Sellers (as defined below), Weiser, Inc., a New Jersey corporation (“Weiser”), Stephen M. McDonnell (together with the Management Sellers and Weiser, the “Unit Sellers”), SPC Partners IV, L.P. (“SPC”) and K&E Investment Partners, L.P. (together with SPC, the “Blocker Sellers” and, together with the Unit Sellers, the “Sellers”), and (iv) Applegate Investment Corporation, a Delaware corporation (the “Blocker”).
