Hormel Foods Corp

HRL: XNYS (USA)
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Hormel: Acquisition of Brakebush Brothers Looks Strategically and Financially Sound

Hormel announced it's acquiring privately held Brakebush Brothers, a value-added chicken company primarily focused on the foodservice channel (90% of sales). It will pay $1.055 billion, financed through debt and cash on hand, and is expected to close in the first fiscal quarter of 2027.

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