Jan
03
Unilever Unloads Skippy to Hormel for $700 Million
Posted in: Uncategorized
Spam, meet Skippy.
Hormel Foods Corp., maker of the famed meat, will buy the 80-year-old peanut butter brand from Unilever for $700 million, the company announced Thursday.
Unilever had been shopping Skippy since at least October as it continues to pare its food brands. In August, the company sold its P.F. Chang’s and Bertolli frozen meals businesses to ConAgra Foods for $267 million.
Post a Comment