Hormel to Buy Brakebush for $1.06B
Hormel Foods has agreed to purchase family-owned chicken processor Brakebush Brothers for $1.06 billion. The acquisition expands Hormel's protein portfolio as consumer demand for protein-rich foods grows. The transaction is expected to close in early 2027.
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HORMEL FOODS CORP will acquire family-owned chicken processor Brakebush Brothers for $1.06B in cash. The deal expands the Skippy peanut butter maker's protein portfolio amid shifting consumer preferences. Shares rose 2% in premarket trading following the announcement on Wednesday morning.
