Life-Science Innovations to acquire a whole-bird turkey business of Hormel Foods.

Life-Science Innovations, a diversified holding company, agreed to acquire a whole-bird turkey business of Hormel Foods, an American multinational food processing company. "This transaction is an important next step in our evolution. 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," John Ghingo, Hormel Foods President.