Hormel Foods closes on purchase of Skippy peanut butter - KTTC Rochester, Austin, Mason City News, Weather and Sports

Hormel Foods closes on purchase of Skippy peanut butter

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LITTLE ROCK, Ark. (AP) — Austin-based Hormel Foods Corp. has closed on its purchase of Skippy peanut butter, including its plant in Little Rock.

Hormel announced Thursday that it closed on the acquisition from Unilever United States Inc.

In addition to the Little Rock plant, the transaction includes all Skippy sales worldwide except China. Hormel said it expects to close on the purchase of China-based Skippy operations by the end of the fiscal year.

Austin, Minn.-based Hormel expects annual Skippy sales of $370 million, including about $100 million outside the U.S.

The sale was announced in early January.

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