Hormel to Acquire Skippy Peanut Butter

AUSTIN, Minn. — Hormel Foods Corp. has entered into a definitive agreement to acquire the Skippy peanut butter business from Unilever, Englewood Cliffs, N.J., for $700 million.

The Skippy peanut butter domestic line consists of 11 varieties of shelf-stable peanut butter products. Total annual sales are expected to be about $370 million, with nearly $100 million of those sales outside the United States.

"The acquisition of the Skippy peanut butter

Register to view the full article

Already a member? .

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish