Hormel Foods has completed the sale of its Brazilian operations, operated under the Ceratti brand, to Zanchetta Alimentos LTDA, a Brazilian food company. Hormel Foods expects the transaction to have a minimal impact on its adjusted fiscal 2026 financial results. 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.