Hormel Foods to acquire Brakebush in $1.06 billion deal, expected to close in Q1 fiscal 2027
Hormel Foods said it has a definitive agreement to acquire Brakebush, a value-added chicken company, for $1.06 billion, expected to close in Q1 fiscal 2027. The company expects the acquisition to be accretive to adjusted earnings per share from fiscal 2028.
Story updates
10:37:21 AM UTC
SquawkNews
Hormel Foods agreed to buy value-added chicken producer Brakebush Brothers from the Brakebush family for about $1.055 billion. Closing targeted for the first quarter of fiscal 2027, subject to customary closing conditions. Deal expands Hormel’s value-added chicken footprint, strengthening its Foodservice platform through broader customer reach and sales capabilities. Brakebush generated about $1.2 billion in net sales over the past 12 months. Transaction expected to be accretive to adjusted earnings per share starting in fiscal 2028. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Hormel Foods Corporation published the original content used to generate this news brief via (Ref. ID: CG60024) on September 30, 2026, and is solely responsible for the information contained therein. (C)
10:42:11 AM UTC
SquawkNews
RPT – Hormel Foods to acquire Brakebush for $1.06 billion
Sept. 06 billion. The company said the acquisition is expected to close in Q1 fiscal 2027 and to be accretive to adjusted earnings per share beginning in fiscal 2028.