Hormel Foods completes sale of CERATTI business in Brazil
The buyer is Zanchetta Alimentos LTDA, a Brazilian food company. Financial terms were not disclosed, with minimal impact expected on fiscal 2026 results.
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Global branded food company
hormelfoods.comLast updated
In short: Hormel Foods appointed John Ghingo as CEO, reported strong fiscal 2026 growth, and divested its whole-bird turkey and Brazilian operations.
The buyer is Zanchetta Alimentos LTDA, a Brazilian food company. Financial terms were not disclosed, with minimal impact expected on fiscal 2026 results.
Ghingo, current president, will succeed interim CEO Jeff Ettinger at fiscal year-end after a deliberate transition.
The company was recognized for its commitment to workplace culture, performance, and sustainability.
The snack bites come in three flavors and are available nationwide starting July 2026.
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Hormel Foods is scheduled to release its third-quarter earnings shortly, and Wall Street expects a low-single-digit increase in EPS.
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