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Hormel Foods Bets $1.06B on Brakebush to Expand Value-Added Chicken Business
Source: marketbeat.com
M&A & RestructuringConsumer Demand & RetailCompany Fundamentals
Hormel Foods has agreed to acquire value-added chicken producer Brakebush Brothers for approximately $1.055 billion in cash. The deal expands Hormel's foodservice presence and increases its exposure to the chicken category, strengthening its portfolio in value-added protein products.
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