Hormel Foods Corporation announced on September 29, 2026, that it has entered into a definitive agreement to acquire Brakebush Holdings, Inc. The transaction involves the purchase of all outstanding membership interests of Brakebush from the Brakebush family for a total purchase price of approximately $1.055 billion in cash. The acquisition is subject to customary closing conditions, including the expiration of applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 and other regulatory approvals.
The closing of the deal is expected to occur during the first quarter of Hormel Foods' fiscal 2027. The Purchase Agreement includes a termination right that requires the transaction to be completed by March 29, 2027, subject to a possible three-month extension if regulatory approvals are pending. Brakebush is a value-added chicken company headquartered in Westfield, Wisconsin, with five production facilities and two research and development labs. The company generated approximately $1.2 billion in net sales over the last 12 months and serves a diverse foodservice customer base across national and regional operators.
Hormel Foods plans to report the results of Brakebush's operations primarily within its Foodservice segment. The company expects the acquisition to be accretive to adjusted earnings per share beginning in fiscal 2028. The transaction is intended to strengthen Hormel Foods' position in the growing protein category and enhance its capabilities in the foodservice sector by leveraging Brakebush's direct sales organization and category expertise.
