Hormel Foods sells whole-bird turkey business to Life-Science Innovations but keeps JENNIE-O® brand rights.

Hormel Foods has completed the sale of its whole-bird turkey business to Life-Science Innovations (LSI), which now owns a production facility, feed mill, and transportation assets in Minnesota. Despite the sale, Hormel retains ownership and use of the JENNIE-O® brand for ground turkey and value-added turkey products, including deli meats and turkey bacon. This move aligns with Hormel's strategy to focus more on value-added protein products and reduce exposure to commodity-driven segments. Financial details were not disclosed and further information will be shared in Hormel's next quarterly report.