Hormel Foods has reached a deal to sell its Brazilian operations, which operate under the Ceratti brand, to Zanchetta Alimentos, another food maker in the country. Financial details were not disclosed. The divestiture reflects Hormel's efforts to simplify its portfolio and focus international strategy on markets with the strongest long-term growth opportunities. The transaction is expected to close in the coming weeks following regulatory approval. Hormel's international business makes up a small portion of its sales, and the Brazil market had been a drag on performance, with interim CEO Jeffrey Ettinger calling it 'challenged' in December 2025.
Hormel Foods CorporationDivestiture of underperforming Brazil business simplifies portfolio and removes a drag on performance.