Hormel Foods Announces Definitive Agreement To Acquire Brakebush, A Leading Value-Added Chicken Company
Hormel Foods signed a definitive agreement to acquire Brakebush Brothers, a leading value-added chicken company, for approximately $1.055 billion from the Brakebush family. Brakebush generated about $1.2 billion in net sales over the last 12 months and operates five production facilities, giving Hormel greater scale in one of protein's fastest-growing categories.
Key figures
- Deal Value Usd
- $1.055 billion
- Expected close
- Q1 fiscal 2027
- Eps accretion start
- fiscal 2028
- Target r and d labs
- 2
- Target ttm net sales
- $1.2 billion
- Target production facilities
- 5
AI analysis
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