![Hormel Foods Buying Skippy for About $700 Million](http://townsquare.media/site/67/files/2013/01/Skippy-Peanut-Butter.jpg?w=980&q=75)
Hormel Foods Buying Skippy for About $700 Million
Hormel Foods is buying the Skippy peanut butter product line from Unilever for approximately $700 million as it looks to strengthen its business overseas and branch out beyond its meat business that includes Spam.