Hormel Foods Agrees To Sell CERATTI Business In Brazil To Zanchetta Alimentos; Terms Undisclosed
Hormel Foods Corporation (NYSE: HRL ), a Fortune 500 global branded food company, today announced it has entered into a definitive agreement to sell its Brazilian operations, operated under the CERATTI® brand to Zanchetta Alimentos LTDA, a Brazilian food company with an established presence in the market. The divestitu