copyright: Denise Krebs
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.
Total annual sales for the Skippy peanut butter business are expected to be approximately $370m, with nearly $100m of those sales outside the US. The purchase price is approximately $700m.
Source: Hormel Foods
© FoodBev Media Ltd 2024