---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-26-112101"
form_type: "8-K"
ticker: "HRL"
cik: "0000048465"
company_name: "HORMEL FOODS CORP /DE/"
filed_at: "2026-09-30T10:45:32+00:00"
generated_at: "2026-10-12T13:56:18.440743+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001104659-26-112101
- form_type: 8-K
- ticker: HRL
- cik: 0000048465
- company_name: HORMEL FOODS CORP /DE/
- filed_at: 2026-09-30T10:45:32+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/48465/000110465926112101/0001104659-26-112101-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/48465/000110465926112101/tm2626547d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-26-112101
- JSON: https://secwatch.observer/filing/0001104659-26-112101.json
- Plain text: https://secwatch.observer/filing/0001104659-26-112101.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.