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By Mariapaula GonzalezHormel Foods won't just be about making turkey and canned lunch meat Spam anymore.The food company announced Wednesday it will acquire Brakebush Brothers, a chicken manufacturer, for approximately $1.06 billion. The transaction is expected to close during Hormel Foods' fiscal…
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.
Skippy peanut butter maker Hormel Foods NYSE:HRL on Wednesday said it will acquire Brakebush Brothers in a deal valued at $1.06 billion.