Hormel Foods to sell Brazilian Ceratti brand, focusing on stronger growth markets.

Hormel Foods Corporation has agreed to sell its Brazilian operations under the Ceratti brand to Zanchetta Alimentos LTDA. This move is part of Hormel's strategy to simplify its portfolio and concentrate on international markets with better long-term growth potential. The sale is expected to close soon, pending regulatory approval, and will have minimal impact on Hormel's fiscal 2026 financial results. Operations will continue as usual until the transaction is finalized, with more details to be shared in the upcoming quarterly earnings call.