Hormel Foods agrees to buy Brakebush Brothers for $1.055 billion

Bitget2026/09/30 10:32

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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.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hormel Foods Corporation published the original content used to generate this news brief via PR Newswire (Ref. ID: CG60024) on September 30, 2026, and is solely responsible for the information contained therein.

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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Hormel Foods agrees to buy Brakebush Brothers for $1.055 billion

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