Food & Beverage M&A » By The Online Investor Staff, updated Thu., Mar. 4, 1:25 AM
Recent mergers and acquisitions in the Food & Beverage M&A category.
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Slide #80. Hormel Foods Corporation — U.S. Skippy Peanut Butter Business
Acquirer:
Hormel Foods Corporation (NYSE:HRL)
Acquiree:
U.S. Skippy Peanut Butter Business
Details:
Hormel Foods Corporation (NYSE:HRL) today announced the closing of 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. Hormel Foods expects to close the acquisition of the China based Skippy peanut butter business by the end of its fiscal year 2013.
Hormel Foods is primarily engaged in the production of meat and food products and the marketing of those products throughout the U.S. and internationally. Co.'s segments are: Grocery Products, which consists of the processing, marketing, and sale of shelf-stable food products; Refrigerated Foods, which consists of the processing, marketing, and sale of branded and unbranded pork, beef, chicken, and turkey products; Jennie-O Turkey Store, which consists of the processing, marketing, and sale of branded and unbranded turkey products; and International and Other, which includes Hormel Foods International Corporation that manufactures, markets, and sells Co.'s products internationally.
Hormel Foods SEC Filing Email Alerts Service
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Avg. Broker Rec.
 
|
Hold (1.67 out of 4) 0th percentile
(ranked lower than approx. 100% of all stocks covered)
Analysts' Target Price: HRL Stock Forecast Based on Zacks ABR data; powered by Xignite |
