Hormel buying No. 2 peanut butter Skippy for $700 million
Published 01/03/2013, Associated Press
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, in its biggest-ever acquisition.Word count: 675
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