Hormel Foods to Acquire Brakebush Brothers in $1.055 Billion Deal

The deal, expected to close in the first quarter of fiscal 2027, remains subject to regulatory approval. Hormel plans to integrate the family-owned business into its existing Foodservice segment, aiming to leverage Brakebush’s established direct sales organization and innovation labs. Brakebush currently operates five production facilities and two research centers, providing non-vertically integrated chicken products to national and regional operators.

Jeff Ettinger, Hormel’s interim CEO, emphasized that the acquisition aligns with the company's long-term strategy to bolster its presence in high-growth protein categories. For Hormel, the move provides a rare opportunity to absorb a scaled, reputable asset with a century of customer loyalty. The company anticipates the acquisition will be accretive to adjusted earnings per share starting in fiscal 2028, as it works to unlock operational synergies between the two organizations.