Hormel Foods Corporation announced it has entered into a definitive agreement to sell its whole-bird turkey business to Life-Science Innovations (LSI). The transaction is expected to close by the end of the second quarter of fiscal 2026 for Hormel Foods, subject to customary closing conditions.

"Our strategy for sustainable, profitable growth centers on expanding our value-added protein portfolio to meet evolving consumer needs, while reducing our exposure to more volatile, commodity-driven businesses," Jeff Ettinger, interim chief executive officer, Hormel Foods, said in a statement. "We are confident that this portion of our legacy turkey business will be in good hands under LSI's ownership, given their deep experience and expertise in this area."

In the transaction, LSI will acquire assets from Hormel Foods, including the Melrose, Minn., whole-bird production facility; Swanville, Minn., feed mill; and associated transportation assets. LSI will also assume supply contracts with third-party turkey growers that are dedicated to the whole-bird business and provide co-manufacturing services to Hormel Foods through the end of its fiscal 2026, to provide uninterrupted fulfillment of customer orders during the transition. The broader array of JENNIE-O branded products, and ownership of the JENNIE-O brand name, are not impacted by the transaction.

Financial details of the transaction have not been disclosed. Hormel Foods expects the sale to have a minimal impact on its adjusted fiscal 2026 financial results, which will be discussed in more detail during the company's first quarter earnings call on Feb. 26, 2026.