Hormel Foods to Buy Brakebush Brothers for $1.055 Billion
By Colin KellaherHormel Foods has struck a deal to buy Brakebush Brothers, a family-owned value-added processor of chicken products, for about $1.055 billion.Hormel on Wednesday said Brakebush generated around $1.2 billion in sales over the last 12 months, and that the acquisition advances Hormel's…