Hormel Foods to acquire Brakebush in $1.06 billion deal
HRL•Hormel Foods agreed to acquire Brakebush for $1.06 billion. The deal is expected to close in the first quarter of fiscal 2027, and Hormel expects it to add to adjusted earnings per share beginning in fiscal 2028.
1. Acquisition terms
Hormel Foods announced a definitive agreement to acquire Brakebush, a value-added chicken company, for $1.06 billion. The deal is expected to close in the first quarter of fiscal 2027, and Hormel expects the acquisition to be accretive to adjusted earnings per share beginning in fiscal 2028.
