Hormel Foods to Buy Brakebush Brothers for $1.06 Billion

06:51 AM EDT, 09/30/2026 (MT Newswires) -- Hormel Foods (HRL) signed a definitive deal to acquire Brakebush Brothers, a value-added chicken company, for about $1.06 billion, according to a Wednesday statement. The transaction is in line with Hormel Foods' strategy of investing in growing protein categories, the company said. Brakebush Brothers' acquisition is expected to generate operational synergies and is estimated to be accretive to adjusted earnings per share starting in fiscal 2028, Hormel Foods added. Hormel Foods expects to close the purchase in Q1 of its fiscal 2027 period and said Brakebush Brothers will be housed under its Foodservice segment.