Hormel Foods agrees to buy Brakebush Brothers for $1.055 billion
HRL•Hormel Foods agreed to buy Brakebush Brothers for about $1.055 billion. The deal is expected to close in the first quarter of fiscal 2027 and to be accretive to adjusted earnings per share starting in fiscal 2028.
1. Deal details
Hormel Foods agreed to buy value-added chicken producer Brakebush Brothers from the Brakebush family for about $1.055 billion. Brakebush generated about $1.2 billion in net sales over the past 12 months. The transaction is expected to close in the first quarter of fiscal 2027, subject to customary closing conditions, and to be accretive to adjusted earnings per share starting in fiscal 2028.
