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Hillshire acquires rival food firm Pinnacle

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Monday, May 12, 2014

BBC: U.S. food firm Hillshire Brands purchased its rival, Pinnacle Foods, for $6.6 billion.

Hillshire's brands include Jimmy Dean, Ball Park and Sara Lee, while Pinnacle is known for Aunt Jemima and Duncan Hines.

The combined company, which will be based in Chicago, is expected to generate $6.6bn in annual sales.

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