M&A among packaged and organic foods continues with Campbell Soup Co.'s (NYSE: CPB) acquisition of Garden Fresh Gourmet for $231 million.

Just two weeks after Hormel Foods (NYSE: HRL) announced its $775 million purchase of Applegate Farms, an organic and natural meat distributor, Camden, New Jersey-based Campbell inks a deal for Garden Fresh, a company known for its organic salsa, hummus, dips and tortilla chips. The acquisition comes as Campbell — which Mergers & Acquisitions ranked as one of seven savvy strategic buyers in 2013 — explores avenues beyond the soup business and into other growing segments of the food industry. 

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