Key facts
- Hormel Foods will acquire Brakebush Brothers for approximately $1.055 billion.
- Brakebush generated approximately $1.2 billion in net sales over the last 12 months.
- The transaction is expected to close during the first quarter of Hormel Foods' fiscal 2027.
- Hormel Foods expects the acquisition to be accretive to adjusted earnings per share beginning in fiscal 2028.
Hormel Foods Corporation, a global branded food company, has entered into a definitive agreement to acquire Brakebush Brothers, LLC, a leading value-added chicken company, from the Brakebush family. The purchase price is approximately $1.055 billion.
Hormel Foods expects the acquisition to strengthen its position in growing protein categories, particularly value-added chicken, and enhance its foodservice platform. Brakebush, founded in 1925 and headquartered in Westfield, Wisconsin, generated approximately $1.2 billion in net sales over the last 12 months and operates five production facilities and two research and development labs.
The transaction is expected to close during the first quarter of Hormel Foods' fiscal 2027, subject to customary closing conditions, including regulatory approval. Hormel Foods anticipates the acquisition will generate growth, unlock operational synergies, enhance cash flows, and be accretive to adjusted earnings per share beginning in fiscal 2028. The company expects to report Brakebush's operations primarily within its Foodservice segment.