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Hormel to Sell Its ‘Whole-Bird’ Turkey Business
Hormel Foods announced an agreement to sell its “whole-bird” turkey business to Life-Science Innovations, a Minnesota-based company. This strategic move aims to expand Hormel’s “value-added protein portfolio” and reduce its exposure to volatile commodity markets. Hormel will retain its Jennie-O brand, while the transaction includes a processing plant and a feed mill, with financial details undisclosed.