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FROM SRN NEWS

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

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Sept 30 (Reuters) – Hormel Foods 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.

(Reporting by Shania S Thomas in Bengaluru; Editing by Arun Koyyur and Sahal Muhammed)

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SRN News — View the original story at SRNNews.com.

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