Hormel Sells Whole-Bird Turkey Business to Life-Science Innovations

AUSTIN, Minn., and WILLMAR, Minn. — Hormel Foods Corporation 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 year 2026, subject to closing conditions. 

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 fiscal year 2026 to provide uninterrupted fulfillment of customer orders during the transition.

"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," said Jeff Ettinger, interim chief executive officer, Hormel Foods. "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."

The broader array of JENNIE-O branded products and ownership of the JENNIE-O brand name are not impacted by the transaction, said Hormel Foods.

"This transaction is an important next step in our evolution," said John Ghingo, president, Hormel Foods. "With a more focused turkey portfolio, we will continue strengthening the value-added aspects of our JENNIE-O business. We look forward to working with LSI to ensure a smooth transition for our team members, customers, consumers and suppliers."

Richard Huisinga, chief executive officer, LSI, added, "This agreement is a continuation of a 75-year relationship with Jennie-O. We are excited to combine the country's newest state-of-the-art hen plant, the Minnesota hen-grower families and our recent first-of-its-kind turkey hatchery."

Financial details of the transaction have not been disclosed.