$1.1BStrategic acquisitionConsumer & Retail
Hormel Foods to buy Brakebush Brothers for $1.055B
Hormel Foods agreed to acquire Brakebush Brothers, a value-added chicken company, from the Brakebush family for approximately $1.055 billion. The deal is expected to close in the first quarter of Hormel's fiscal 2027, subject to regulatory approval. Hormel says the century-old business will expand its foodservice platform through deeper operator relationships, category expertise and a larger direct sales organization.
Why it matters: Chicken has been protein's fastest-growing category, and Hormel is buying scale rather than building it under an incoming CEO.
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