MarketPR
Hormel Foods Corporation (NYSE: HRL) has announced a definitive agreement to acquire Brakebush Brothers, LLC, a value-added chicken company, for a transaction purchase price of $1.055 billion, subject to customary closing adjustments and regulatory approval.
The deal is expected to close in the first quarter of fiscal 2027.
The acquisition is designed to expand Hormel's position in the protein sector by integrating a scaled business with a well-invested manufacturing network.
Brakebush operates five production facilities and two research and development labs, producing fully cooked, par-fried, and raw portioned products.
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