Hormel Foods To Acquire Brakebush Brothers For $1.055 Bln

WASHINGTON (dpa-AFX) - Hormel Foods Corp. (HRL), a branded food company, announced Wednesday it has entered into a definitive agreement to acquire Brakebush Brothers, LLC, a value-added chicken producer, from the Brakebush family for approximately $1.055 billion.The transaction is expected to close…