Hormel Foods agrees to buy Brakebush Brothers for $1.055 billion
Bitget2026/09/30 10:32- Hormel Foods agreed to buy value-added chicken producer Brakebush Brothers from the Brakebush family for about $1.055 billion.
- Closing targeted for the first quarter of fiscal 2027, subject to customary closing conditions.
- Deal expands Hormel’s value-added chicken footprint, strengthening its Foodservice platform through broader customer reach and sales capabilities.
- Brakebush generated about $1.2 billion in net sales over the past 12 months.
- Transaction expected to be accretive to adjusted earnings per share starting in fiscal 2028.
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