Hormel Foods Corporation has agreed to sell its Brazilian operations, including the Ceratti brand, to Brazilian food manufacturer Zanchetta Alimentos as the US food company continues to streamline its international portfolio.
The transaction, which remains subject to customary closing conditions and regulatory approval, is expected to be completed in the coming weeks. Hormel said operations in Brazil will continue as normal during the transition, with no immediate changes for employees, customers or business partners.
The divestiture forms part of Hormel’s broader strategy to simplify its business and concentrate international investment on markets offering stronger long-term growth prospects.
Financial terms of the deal were not disclosed. The company said the sale is expected to have a minimal impact on its adjusted fiscal 2026 financial results, with additional details to be provided during its third-quarter fiscal 2026 earnings call.
Ceratti has been a well-established player in Brazil’s processed meat market, producing a range of deli meats, sausages and charcuterie products. The acquisition will strengthen Zanchetta Alimentos’ position in the Brazilian food sector by expanding its branded meat portfolio.
Headquartered in Austin, Minnesota, Hormel Foods generates more than $12 billion in annual revenue and owns a portfolio of globally recognised brands, including Planters, Skippy, Spam, Applegate, Jennie-O and Columbus.
The sale marks another step in Hormel’s ongoing portfolio optimisation efforts as major global food manufacturers continue to reshape their operations, focusing investment on core brands and higher-growth markets while divesting non-core assets.
by Leah Smith
Source: foodbev.com
Premier Protein owner BellRing Brands has appointed Michael Axelrod as its next president and chief executive officer, effective 29 July 2026. Axelrod will also join the company’s board of directors. He succeeds Darcy Davenport, who announced her intention to retire earlier this year.
Carlsberg Group has entered into an agreement with Sapporo Breweries, forming a major joint venture across Southeast Asia and Hong Kong, and partnership in the UK. The joint venture builds on Carlsberg and Sapporo’s existing relationship, having collaborated on the sale of Sapporo Premium Beer in Malaysia, Hong Kong and Singapore since 2024.
Nestlé will invest CHF563 million (US$688 million) to build a new AI-enabled Nescafé production and distribution hub in Samut Prakan, Thailand, expected to open in late 2028. The facility will make soluble coffee, coffee mixes, and RTD coffee, with a reported capacity of 170,000 metric tons per year and more than 520 new technical jobs.
