{"id":988042,"date":"2026-07-31T11:18:19","date_gmt":"2026-07-31T15:18:19","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/hormel-foods-completes-sale-of-ceratti-business-in-brazil\/"},"modified":"2026-07-31T11:18:19","modified_gmt":"2026-07-31T15:18:19","slug":"hormel-foods-completes-sale-of-ceratti-business-in-brazil","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/hormel-foods-completes-sale-of-ceratti-business-in-brazil\/","title":{"rendered":"Hormel Foods Completes Sale of CERATTI\u00ae Business in Brazil"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\">AUSTIN, Minn.<\/span>, <span class=\"legendSpanClass\">July 31, 2026<\/span> \/PRNewswire\/ &#8212; Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced the successful completion of the sale of its Brazilian operations, operated under the <b>CERATTI\u00ae<\/b>\u00a0brand, to <b>Zanchetta Alimentos LTDA<\/b>, a Brazilian food company with an established presence in the market.<\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder1\">\n<p>\n          <img decoding=\"async\" src=\"https:\/\/mmx.prnewswire.com\/media\/MS1074012\/Hormel-Foods-Logo.jpg?id=OA2819801\" title=\"Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with approximately $12 billion in annual revenue across more than 80 countries worldwide.\" alt=\"Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with approximately $12 billion in annual revenue across more than 80 countries worldwide.\" \/>\n        <\/p>\n<\/p><\/div>\n<p>The transaction follows the definitive agreement announced on June 29, 2026, and reflects Hormel Foods&#8217; ongoing efforts to simplify and streamline its portfolio while focusing its international strategy on markets with the strongest long-term growth opportunities.<\/p>\n<p>Financial terms of the transaction were not disclosed. As previously communicated, Hormel Foods expects the sale to have a minimal impact on its adjusted fiscal 2026 financial results. Additional information will be shared during the company&#8217;s third-quarter fiscal 2026 earnings call.<\/p>\n<p>\n        <b>About Hormel Foods<br \/><\/b>Hormel Foods Corporation, based in Austin, Minnesota, is a global branded food company with over $12 billion in annual revenue. Its brands include PLANTERS\u00ae, SKIPPY\u00ae, SPAM\u00ae, HORMEL\u00ae NATURAL CHOICE\u00ae, APPLEGATE\u00ae, WHOLLY\u00ae, HORMEL\u00ae BLACK LABEL\u00ae, COLUMBUS\u00ae, JENNIE-O\u00ae and more than 30 other beloved brands. The Company is a member of the S&amp;P 500 Index and the S&amp;P 500 Dividend Aristocrats, was named one of the best companies to work for by U.S. News &amp; World Report and one of America&#8217;s most responsible companies by Newsweek, was recognized by TIME magazine as one of the World&#8217;s Best Companies and has received numerous other awards and accolades for its corporate responsibility and community service efforts. For more information, visit hormelfoods.com.<\/p>\n<p>\n        <b>FORWARD-LOOKING STATEMENTS<br \/><\/b>This news release contains forward-looking statements, which are based on the current assumptions and expectations of Hormel Foods Corporation (&#8220;Hormel&#8221;). These statements are typically accompanied by the words &#8220;expect,&#8221; &#8220;will,&#8221; &#8220;would,&#8221; or similar words or expressions. The principal forward-looking statements in this news release include statements regarding Hormel&#8217;s sale of its Ceratti business in Brazil, international growth opportunities, and the expected impact of the transaction on Hormel&#8217;s fiscal 2026 financial results.<br \/>All such forward-looking statements are intended to enjoy the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, as amended. Although Hormel believes there is a reasonable basis for the forward-looking statements, its actual results could be materially different. The most important factors which could cause Hormel&#8217;s actual results to differ from its forward-looking statements include, but are not limited to, risks related to the deterioration of economic conditions; risks related to acquisitions, joint ventures, equity investments, and divestitures; risks and uncertainties associated with intangible assets, including any future goodwill or intangible assets impairment charges; the risk of disruption of operations; the risk that Hormel may fail to realize anticipated cost savings or operating profit improvements associated with strategic initiatives, including the Transform and Modernize initiative and Hormel&#8217;s recent corporate restructuring plan; risk of unfavorable changes in Hormel&#8217;s relationships with third parties; risk of Hormel&#8217;s inability to protect information technology (IT) systems against, or effectively respond to, cyber-attacks, security breaches or other IT interruptions; labor relations and labor availability risks; food safety risks; fluctuations in commodity prices and availability of raw materials and other inputs; fluctuations in market demand for Hormel&#8217;s products; risks related to Hormel&#8217;s ability to respond to changing consumer preferences; damage to Hormel&#8217;s reputation or brand image; risks of litigation; risks associated with government regulation; risks related to trade policies, export and import controls, and tariffs; and the other risks and uncertainties described in Item 1A \u2013 Risk Factors of Hormel&#8217;s most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, which can be accessed at <a href=\"http:\/\/www.hormelfoods.com\" rel=\"nofollow\">www.hormelfoods.com<\/a> in the &#8220;Investors&#8221; section. Though Hormel has attempted to list comprehensively these important cautionary risk factors, Hormel cautions that other factors may in the future prove to be important in affecting Hormel&#8217;s business or results of operations. Forward-looking statements speak only as of the date they are made, and Hormel does not undertake any obligation to update any forward-looking statement except as otherwise required by law.<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Contact:<\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Media Relations<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n              \n            <\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\">Hormel Foods<\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n              \n            <\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <a href=\"mailto:media@hormel.com\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow\">media@hormel.com<\/a><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<\/table><\/div>\n<p>\u00a0<\/p>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/edge.prnewswire.com\/c\/img\/favicon.png?sn=CG16815&amp;sd=2026-07-31\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/hormel-foods-completes-sale-of-ceratti-business-in-brazil-302840128.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/hormel-foods-completes-sale-of-ceratti-business-in-brazil-302840128.html<\/a><\/p>\n<p>SOURCE Hormel Foods Corporation<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=CG16815&amp;Transmission_Id=202607311114PR_NEWS_USPR_____CG16815&amp;DateId=20260731\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire AUSTIN, Minn., July 31, 2026 \/PRNewswire\/ &#8212; Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced the successful completion of the sale of its Brazilian operations, operated under the CERATTI\u00ae\u00a0brand, to Zanchetta Alimentos LTDA, a Brazilian food company with an established presence in the market. The transaction follows the definitive agreement announced on June 29, 2026, and reflects Hormel Foods&#8217; ongoing efforts to simplify and streamline its portfolio while focusing its international strategy on markets with the strongest long-term growth opportunities. Financial terms of the transaction were not disclosed. As previously communicated, Hormel Foods expects the sale to have a minimal impact on its adjusted fiscal 2026 financial results. Additional information will be &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hormel-foods-completes-sale-of-ceratti-business-in-brazil\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Hormel Foods Completes Sale of CERATTI\u00ae Business in Brazil&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-988042","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Hormel Foods Completes Sale of CERATTI\u00ae Business in Brazil - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/hormel-foods-completes-sale-of-ceratti-business-in-brazil\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hormel Foods Completes Sale of CERATTI\u00ae Business in Brazil - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire AUSTIN, Minn., July 31, 2026 \/PRNewswire\/ &#8212; Hormel Foods Corporation (NYSE: HRL), a Fortune 500 global branded food company, today announced the successful completion of the sale of its Brazilian operations, operated under the CERATTI\u00ae\u00a0brand, to Zanchetta Alimentos LTDA, a Brazilian food company with an established presence in the market. The transaction follows the definitive agreement announced on June 29, 2026, and reflects Hormel Foods&#8217; ongoing efforts to simplify and streamline its portfolio while focusing its international strategy on markets with the strongest long-term growth opportunities. Financial terms of the transaction were not disclosed. As previously communicated, Hormel Foods expects the sale to have a minimal impact on its adjusted fiscal 2026 financial results. 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