Hormel Foods to Acquire Brakebush for $1.055 Billion

Hormel Foods Corporation announced a definitive agreement to acquire Brakebush Brothers, LLC, a leading value-added chicken company, for approximately $1.055 billion in cash. The acquisition is expected to strengthen Hormel Foods' position in the growing protein category and enhance its foodservice capabilities. The transaction is anticipated to close in the first quarter of Hormel Foods' fiscal year 2027, pending customary closing conditions and regulatory approvals. Brakebush generated approximately $1.2 billion in net sales over the last 12 months and operates five production facilities. Hormel Foods expects the acquisition to be accretive to adjusted earnings per share beginning in fiscal 2028 and anticipates run-rate cost synergies of approximately $20 million by the end of fiscal 2028.