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Hormel Foods Completes Sale of Whole-Bird Turkey Business to Life-Science Innovations
Hormel Foods Corporation has finalized the sale of its whole-bird turkey business to Life-Science Innovations, a move that aligns with Hormel’s strategy to expand its value-added protein portfolio and reduce its exposure to commodity-driven markets. Life-Science Innovations has acquired a production facility, a feed mill, and associated transportation assets in Minnesota, along with supply contracts with third-party hen growers. Hormel Foods will retain ownership of the JENNIE-O® brand and will continue to produce value-added turkey products.