Hormel Foods to acquire Brakebush Brothers for $1.055 billion in cash

HORMEL FOODS CORP /DE/

Hormel Foods entered a Membership Interest Purchase Agreement on Sept 29, 2026 to buy all outstanding membership interests of Brakebush Brothers, LLC for a $1.055 billion cash base price.
Brakebush generated about $1.2 billion in net sales over the last 12 months; it was founded in 1925, is based in Westfield, Wisconsin, and runs five production facilities and two R&D labs.
Deal expected to close in Q1 of Hormel's fiscal 2027, subject to HSR antitrust clearance; termination right if not closed by March 29, 2027, with a possible three-month extension.
Hormel expects the acquisition to be accretive to adjusted EPS beginning in fiscal 2028 and to report Brakebush results primarily in its Foodservice segment.
Interim CEO Jeff Ettinger and CEO-elect John Ghingo commented; Wells Fargo advised Hormel, while William Blair advised Brakebush.

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