Hormel Foods to Buy Brakebush Brothers for $1.055 Billion
Dow Jones2026/09/30 10:52By Colin Kellaher
Hormel Foods has struck a deal to buy Brakebush Brothers, a family-owned value-added processor of chicken products, for about $1.055 billion.
Hormel on Wednesday said Brakebush generated around $1.2 billion in sales over the last 12 months, and that the acquisition advances Hormel's strategy of investing in growing protein categories.
The Austin, Minn., maker of Spam lunch meat and Skippy peanut butter said it expects the Brakebush acquisition will expand its position in value-added chicken and bolster its foodservice platform through enhanced operator relationships and an expanded direct-sales organization.
The deal is slated to close during Hormel's fiscal first quarter, which ends in late January.
Write to Colin Kellaher at colin.kellaher@wsj.com
(END) Dow Jones Newswires
September 30, 2026 06:52 ET (10:52 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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