Hormel Foods To Buy Skippy Peanut Butter From Unilever For $700m

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Hormel Foods Corp. Spam brand lunchmeat sits on display in a... News PhotoCommercial Activity,Convenience Food,Finance,Food,Food and Drink,Horizontal,Illinois,Merchandise,Mergers and Acquisitions,Midwest USA,North America,Princeton - Illinois,The Americas,The Media,USAPhotographer Collection: Bloomberg 2012 BloombergHormel Foods Corp. Spam brand lunchmeat sits on display in a supermarket in Princeton, Illinois, U.S., on Thursday, Jan. 3, 2013. Hormel Foods Corp., the maker of Spam lunchmeat, agreed to buy the Skippy peanut-butter business from Unilever NV for about $700 million, expanding its presence beyond meats and further into China. Photographer: Daniel Acker/Bloomberg via Getty Images