Key facts
- Hormel Foods will acquire Brakebush Brothers for $1.06 billion.
- Brakebush Brothers generated nearly $1.2 billion in net sales over the last 12 months.
- The deal is expected to close in the first quarter of fiscal year 2027.
- Hormel Foods expects the acquisition to be accretive to adjusted earnings per share starting in fiscal 2028.
Hormel Foods announced on Wednesday that it will acquire Brakebush Brothers, a family-owned chicken processor, for $1.06 billion. The move is intended to expand Hormel's protein portfolio, as consumers increasingly favor protein-rich meals. Brakebush, founded in 1925 and based in Westfield, Wisconsin, reported nearly $1.2 billion in net sales over the past 12 months. The company sells a variety of processed chicken products, including patties, wings, and nuggets. Hormel Foods anticipates the transaction will close in the first quarter of its fiscal year 2027, subject to regulatory approval and other customary conditions. The company expects the acquisition to contribute positively to its adjusted earnings per share beginning in fiscal year 2028, while also unlocking operational synergies and enhancing cash flows. Brakebush's operations are expected to be integrated primarily into Hormel's Foodservice segment.