Hormel Foods (HRL) buys the Skippy Peanut Butter business from Unilever (UL) for $700M. The...

|About: Hormel Foods Corporation (HRL)|By:, SA News Editor

Hormel Foods (HRL) buys the Skippy Peanut Butter business from Unilever (UL) for $700M. The company expects the deal for the iconic brand to be modestly accretive in FY13 and add between $0.13-$0.17 to earnings in FY14.