Hormel Foods to Acquire Brakebush Brothers for $1.055 Billion in Cash, Pending Regulatory Approvals

Hormel Foods entered into a Membership Interest Purchase Agreement to acquire all outstanding membership interests of Brakebush Brothers from Brakebush Holdings for $1.055 billion in cash, subject to customary adjustments. Closing is expected in the first quarter of Hormel’s fiscal 2027, contingent…