Mergers & Acquisitions ·
Hormel Foods agrees to acquire Brakebush Brothers for $1.055 billion in cash
HRLHormel Foods Corp
Hormel Foods Corporation entered into a definitive agreement on September 29, 2026, to acquire all outstanding membership interests of Brakebush Brothers, LLC for approximately $1.055 billion in cash. The transaction is expected to close during the first quarter of Hormel's fiscal 2027, subject to customary closing conditions including antitrust regulatory approvals under the Hart-Scott-Rodino Act. Brakebush generated approximately $1.2 billion in net sales over the last twelve months and operates five production facilities. The acquisition aims to strengthen Hormel Foods' position in the growing value-added chicken category and enhance its Foodservice segment capabilities through Brakebush's direct sales organization and customer relationships. Hormel Foods Corporation is a global branded food company operating in the consumer packaged goods industry.