Hormel Foods sells whole-bird turkey business

Hormel Foods has signed an agreement to sell its whole-bird turkey business to Life-Science Innovations (LSI) as part of the company’s efforts to refine its portfolio. In a statement, the US-based food company said the transaction covers assets including the Melrose, Minnesota, whole-bird production facility; the Swanville, Minnesota, feed mill; and associated transportation assets. However, the agreement does not include Hormel Food's Jennie-O brand name or the wider range of Jennie-O turkey products. ...