Hormel Strikes $1.06 Billion Deal to Expand Its Chicken Business
Hormel Foods agrees to acquire Brakebush Brothers for $1.055B, expanding its value-added chicken presence in the foodservice market.
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Why It Matters
Hormel bought a chicken company for about one billion dollars. This means Hormel thinks chicken food for restaurants is a good business to grow into.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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