PR Newswire·Sep 30, 2026, 6:30 AM ET

Hormel Foods Announces Definitive Agreement To Acquire Brakebush, A Leading Value-Added Chicken Company

Hormel Foods Corporation has entered a definitive agreement to acquire Brakebush Brothers, LLC, a leading value-added chicken company.
The purchase price for the transaction is approximately $1.055 billion.
The deal is expected to close in the first quarter of Hormel Foods' fiscal 2027, subject to regulatory approval & customary closing conditions.
Brakebush was founded in 1925, is headquartered in Westfield, Wisconsin, & generated approximately $1.2 billion in net sales over the last 12 months.
Brakebush operates five production facilities, two research & development labs, & serves a diverse foodservice customer base.
The acquisition aims to strengthen Hormel Foods' position in the growing protein category & expand its Foodservice platform.
Hormel Foods expects the acquisition to be accretive to adjusted earnings per share beginning in fiscal 2028.
Brakebush's operations will primarily be reported within Hormel Foods' Foodservice segment.
Wells Fargo acts as exclusive financial advisor to Hormel Foods, while William Blair serves as exclusive financial advisor to Brakebush.
A conference call regarding the acquisition was webcast on September 30, 2026, at 7 a.m. CT.