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Hormel Foods closes acquisition of U.S. skippy peanut butter business
date:Feb 04, 2013
to be approximately $370 million, with nearly $100 million of those sales outside the United States. The purchase price is approximately $700 million.

The Skippy peanut butter domestic line consists of 11 varieties of shelf-stable peanut butter products. The brand, first introduced in 1932, holds the No. 2 share in this growing center-of-the-store category and is the leading brand in the faster growing subcategory of natural peanut butter. Peanut butter is a $2 billion category with a 74 perce

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