unilever sold its skippy peanut butter business to hormel

Unilever Selling Skippy Business to Hormel Foods

Unilever has signed a definitive agreement for the sale of its global Skippy business to Hormel Foods Corp for about $700 million in cash The deal includes Unilever's Skippy manufacturing facilities in Little Rock Ark and Weifang China The Skippy peanut butter domestic line comprises 11 SKUs of shelf-stable products First introduced

Hormel Foods to Acquire Skippy

AUSTIN Minn --Hormel Foods Corp said that it has entered into a definitive agreement to acquire the Skippy peanut butter business from Unilever United States Inc The Skippy peanut butter domestic line consists of 11 varieties of shelf-stable peanut butter products The purchase price is

Hormel Foods to acquire Skippy peanut butter from

Unilever has struck a deal to sell its Skippy peanut butter business to Hormel Foods for approximately $700m The transaction includes factories in Little Rock Arkansas and Weifang China and is expected to close early in fiscal 2013 (in the US) and by the end of

Unilever agrees to sell global Skippy business to

2013-3-1ENGLEWOOD CLIFFS N J – Unilever today announced that it has signed a definitive agreement for the sale of its global Skippy business to Hormel Foods for a total cash consideration of approximately $700 million The transaction includes Unilever's Skippy manufacturing facilities in Little Rock Ark and Weifang China (located in the

Hormel to Buy Skippy Peanut Butter

2013-1-33:12 p m | Updated The Hormel Foods Corporation the producer of canned and cured meats and Spam said on Thursday that it had agreed to buy the Skippy peanut butter business from Unilever for $700 million in cash The acquisition adds to the company's growing stable of foods that do not contain any meats which include Wholly Guacamole and a wide variety of Mexican foods and

Hormel Foods to Acquire Skippy from Unilever for

4 Jan 2013 --- Hormel Foods Corporation has entered into a definitive agreement to acquire the Skippy peanut butter business from Unilever United States Inc of Englewood Cliffs N J The transaction is subject to customary closing conditions including the receipt of regulatory approvals in the United States and other jurisdictions

Unilever Continues to Focus on Core Business

In Jan 2013 the company sold its Skippy peanut butter business to Austin MN-based producer of branded food and meat Hormel Foods Corporation for $700 million in cash Unilever currently holds a Zacks Rank #2 (Buy) Read the Full Research Report on UL Read the Full Research Report on CAG Read the Full Research Report on HRL

Skippy Peanut Butter Commercial ~ 1956 Animated

Skippy is a brand of peanut butter manufactured in the United States and China First sold in 1932 Skippy is currently manufactured by Hormel Foods which bought the brand from Unilever in 2013 It is the best selling brand of peanut butter in China and second only to the J M Smucker Company's Jif brand worldwide

Hormel Foods to Acquire Skippy

AUSTIN Minn --Hormel Foods Corp said that it has entered into a definitive agreement to acquire the Skippy peanut butter business from Unilever United States Inc The Skippy peanut butter domestic line consists of 11 varieties of shelf-stable peanut butter products The purchase price is

Unilever Selling Skippy Business to Hormel Foods

Unilever has signed a definitive agreement for the sale of its global Skippy business to Hormel Foods Corp for about $700 million in cash The deal includes Unilever's Skippy manufacturing facilities in Little Rock Ark and Weifang China The Skippy peanut butter domestic line comprises 11 SKUs of shelf-stable products First introduced

Unilever says Skippy peanut butter brand sold

Jars of Skippy peanut butter are displayed on a shelf at Cal Mart grocery store on January 3 2013 in San Francisco California Dutch food and cosmetics giant Unilever said Thursday it has sold its Skippy global peanut butter brand in a multi-million-dollar deal to US-based food maker Hormel except for in China where the sale was awaiting approval from authorities

Hormel Foods to Acquire Skippy

AUSTIN Minn --Hormel Foods Corp said that it has entered into a definitive agreement to acquire the Skippy peanut butter business from Unilever United States Inc The Skippy peanut butter domestic line consists of 11 varieties of shelf-stable peanut butter products The purchase price is

Hormel Foods closes acquisition of U S Skippy

Hormel Foods expects to close the acquisition of the China based SKIPPY peanut butter business by the end of its fiscal year 2013 Total annual sales for the SKIPPY peanut butter business are expected to be approximately $370 million with nearly $100 million of those sales outside the United States The purchase price is approximately

Analyst: Ditching Skippy continues to skew Unilever

In a note on Unilever's deal to sell Skippy to Hormel Foods Graham Jones executive director of equity research for consumer staples at Panmure Gordon said: "Together with the exit from US frozen foods [Unilever recently sold its Bertolli and P F Chang's frozen meals business to ConAgra] it continues to skew Unilever towards emerging markets which is already touching 56% of group

Hormel to Buy Unilever's Skippy Peanut Butter for

Skippy is sold in about 30 countries and is the leading peanut butter brand in China where Hormel has been trying to build up its Spam business for the past several years Hormel which also makes canned chili sausages and pepperoni currently gets the vast majority of its sales in the U S with only about 4 percent of revenue coming from

Unilever to Separate Spreads Business Into Standalone

2014-12-4LONDON – Unilever said on Thursday that it planned to separate its North American and European spreads business which includes Flora and Bertolli margarine into a standalone company in hopes of improving its performance The business to be renamed Unilever Baking Cooking Spreading will continue to remain 100 percent owned by Unilever and is expected to be fully operational by July

Unilever Sold Its Skippy Peanut Butter Business to

Tags: Skippy peanut butter Hormel Foods Skippy company news Last week may have been the first week back at our desks after the new year but we hit the ground running with news that Unilever sold its Skippy peanut butter business to Hormel Foods

Unilever Selling Skippy Business to Hormel Foods

Unilever has signed a definitive agreement for the sale of its global Skippy business to Hormel Foods Corp for about $700 million in cash The deal includes Unilever's Skippy manufacturing facilities in Little Rock Ark and Weifang China The Skippy peanut butter domestic line comprises 11 SKUs of shelf-stable products First introduced

Unilever says Skippy peanut butter brand sold

Jars of Skippy peanut butter are displayed on a shelf at Cal Mart grocery store on January 3 2013 in San Francisco California Dutch food and cosmetics giant Unilever said Thursday it has sold its Skippy global peanut butter brand in a multi-million-dollar deal to US-based food maker Hormel except for in China where the sale was awaiting approval from authorities

Hormel Closes Skippy Acquisition

Hormel Foods Corporation closes its acquisition of the United States based Skippy peanut butter business from Unilever United States Inc of Englewood Cliffs N J This closing includes the Little Rock Ark manufacturing facility and all sales worldwide except sales in China