Hormel Foods to buy Brakebush in deal valued at $1.06 billion

By Reuters News

- Hormel Foods HRL.N on Wednesday said it will buy family-owned chicken company Brakebush Brothers in a deal valued at $1.06 billion, as the Skippy peanut butter maker looks to expand its presence in value-added chicken.

Consumers have increasingly sought protein-rich meal options amid growing demand for chicken as the focus on health and wellness grows.

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