Spam and Skippy—together at last?
Hormel Foods Corporation, maker of the famous canned meat product, said Thursday it has agreed to pay Unilever $700 million to acquire the Skippy peanut butter unit.
Hormel Foods has agreed to pay Unilever $700 million to acquire its Skippy business, adding the well-known peanut butter name to a stable of food brands that already includes Spam and Dinty Moore. Cravath is advising Unilever on the deal, while Hormel has turned to Faegre Baker Daniels.
January 03, 2013 at 06:26 PM
1 minute read
Spam and Skippy—together at last?
Hormel Foods Corporation, maker of the famous canned meat product, said Thursday it has agreed to pay Unilever $700 million to acquire the Skippy peanut butter unit.
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