Hormel buying No. 2 peanut butter Skippy for $700 million

January 3, 2013 at 3:48 am in Grand Forks Herald

Hormel Foods apparently has a hankering for a peanut butter and bacon sandwich. The company primarily known for Spam and other cured, smoked and deli meats said Thursday that it’s buying Skippy, the country’s No. 2 peanut butter brand, for about $700 million. Continue Reading