Food & Beverage M&A » By The Online Investor Staff, updated Thu., Mar. 4, 1:38 AM
Recent mergers and acquisitions in the Food & Beverage M&A category.
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Slide #85. Hormel Foods Corporation — Skippy Peanut Butter Line
Acquirer:
Hormel Foods Corporation (NYSE:HRL)
Acquiree:
Skippy Peanut Butter Line
Details:
Hormel Foods Corporation announced it 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.
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 |
