Hormel Foods Announces Definitive Agreement To Acquire Brakebush, A Leading Value-Added Chicken Company
PR Newswire•30/09/2026•06:30 ET
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Key Highlights
- ➤Hormel Foods (HRL) to acquire Brakebush for approximately $1.055 billion
- ➤Brakebush generated approximately $1.2 billion in net sales over the last 12 months
- ➤Acquisition expected to close during Hormel’s fiscal 2027 first quarter, pending regulatory approval
- ➤Deal expected to be accretive to adjusted earnings per share beginning in fiscal 2028
Expert Statements
Jeff Ettinger, Interim chief executive officer of Hormel Foods
“Brakebush is a highly respected leader in value-added chicken and has earned the trust of customers for more than 100 years through innovation, quality and exceptional relationships.”
Jeff Ettinger, Interim chief executive officer of Hormel Foods
“The company's talented team, strong culture and differentiated capabilities make it an excellent fit for Hormel Foods.”
Jeff Ettinger, Interim chief executive officer of Hormel Foods
“Our industry-leading Foodservice business has been a source of growth, and we are excited to meaningfully expand our presence in value-added chicken.”
John Ghingo, President and chief executive officer-elect of Hormel Foods
“Chicken has been one of the most attractive growth categories in protein, and Brakebush has built an exceptional platform to serve that demand.”
John Ghingo, President and chief executive officer-elect of Hormel Foods
“We believe that Brakebush will bolster our capabilities, bringing additional scale, expertise and customer reach, in support of our long-term growth strategy.”
Carey Brakebush, Chairman of the board of Brakebush
“We see those same qualities in Hormel Foods. Their culture, integrity and long-term approach to growth give us great confidence that Brakebush will continue to thrive for our employees, customers and communities in the years ahead.”
Hormel Foods Announces Definitive Agreement To Acquire Brakebush, A Leading Value-Added Chicken Company PR Newswire
Acquisition Will Strengthen Hormel Foods' Position in a Growing Protein Category and Enhance its Leading Foodservice Capabilities
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