Hormel sells whole-turkey business to another Minnesota company, but Jennie-O remains
February 21, 2026 - 00:34
In a strategic shift reflecting broader industry challenges, Hormel Foods has divested its whole turkey business to Life-Science Innovations, another Minnesota-based agricultural company. The move underscores the pressures facing poultry producers from waning consumer demand for whole birds and unpredictable commodity costs.
While Hormel is exiting the whole-bird market, it will retain its prominent Jennie-O Turkey Store brand, which focuses on value-added products like ground turkey, sausages, and deli meats. This segment aligns more closely with modern consumer preferences for convenience.
The buyer, Life-Science Innovations, is no stranger to the sector, already operating several bird production facilities across Minnesota. The acquisition expands its footprint in the state's agricultural economy. Industry analysts view Hormel's decision as a streamlining effort to concentrate resources on its more profitable, branded product lines amidst a difficult operating environment. The financial terms of the transaction between the two private companies were not disclosed.
MORE NEWS
May 22, 2026 - 10:06
Airtel Doubles Down on Overseas Expansion with Higher Stakes in UK and AfricaIndian telecom giant Bharti Airtel is raising its stake in British and African ventures as it hunts for growth overseas. The company is increasing its ownership in key international markets,...
May 21, 2026 - 03:10
Hughes Center office park near Strip finds potential buyerA well-known office park just east of the Las Vegas Strip is on the verge of changing hands. The Hughes Center, a sprawling commercial campus that once housed major corporate tenants, has attracted...
May 20, 2026 - 01:11
DEI experts say the acronym may be radioactive, but the underlying business case is stronger than everTwo former chief diversity officers argue that while the term `DEI` has become politically charged and even radioactive in some corporate circles, the practical reasons for focusing on inclusion...
May 19, 2026 - 12:01
Some Pensacola Beach businesses seeing payoff from traffic increase but others are hurtingPENSACOLA, Fla. -- A surge of visitors hit Pensacola Beach over the weekend, with nearly 28,000 cars passing through the Bob Sikes Toll Plaza on Saturday alone. That set a new single-day record for...