Washington | Reuters –– Tyson Foods, the largest U.S. meat processor, has won antitrust approval for its purchase of Hillshire Brands, the U.S. Justice Department said on Wednesday.
The companies agreed to sell Heinold Hog Markets, which purchases sows that are sold to sausage-makers, to win approval for the US$8.5 billion deal, the department said.
The attorneys general of Illinois, Iowa and Missouri, all big hog producing states, joined the settlement that the companies reached with the Justice Department’s antitrust division.
“Today’s proposed settlement will help ensure that hog breeders in the United States will continue to receive the benefits of vigorous competition when selling sows,” said Bill Baer, assistant attorney general for the division.
The deal was announced in June.
— Reporting for Reuters by Diane Bartz in Washington, D.C.