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Hormel Foods has completed the sale of its Brazilian operations, operated under the Ceratti brand, to Zanchetta Alimentos LTDA, a Brazilian food company.

The transaction follows a definitive agreement announced on 29 June 2026 and forms part of Hormel Foods’ ongoing efforts to simplify and streamline its portfolio.

The company said the divestment reflects its strategy of focusing its international operations on markets it considers to offer the strongest long-term growth opportunities.

Financial terms of the deal have not been disclosed.

Hormel Foods expects the transaction to have a minimal impact on its adjusted fiscal 2026 financial results. The company said further details will be provided during its third-quarter fiscal 2026 earnings call.

Ceratti is a Brazilian food brand, with Hormel Foods’ Brazilian operations now transferring to Zanchetta Alimentos, which has an established presence in the country’s food market.

The divestment is the latest move in Hormel Foods’ efforts to reshape its portfolio and focus resources on its priority businesses and markets.

Hormel Foods, which reported more than $12bn in annual revenue, has a portfolio spanning brands including SPAM, SKIPPY, Planters, Applegate, Wholly and Jennie-O.

The company’s international strategy is increasingly centred on markets where it sees stronger opportunities for long-term growth, with portfolio optimisation forming part of its wider approach to improving its business.

The sale comes as Hormel continues to implement strategic initiatives designed to simplify its operations and improve performance. The company said the transaction is not expected to materially affect its adjusted fiscal 2026 results.