Last week may have been the first week back at our desks after the new year, but we hit the ground running with news that Unilever sold its Skippy peanut butter business to Hormel Foods. At first glance, a mainstream brand like Skippy ...
Tags: Skippy peanut butter, Hormel Foods, Skippy, company news
US-based Hormel Foods has entered into an agreement to acquire Skippy peanut butter business from Unilever United States for $700m, as part of its strategy to expand lunchtime offerings in the US and accelerate growth in China. The ...
Tags: Agriculture, Food, peanut butter
Hormel Foods will acquire the Skippy peanut butter brand from Unilever for a consideration of around US$700m, it emerged today (3 January). Unilever, which announced it was "considering options" for Skippy in October, announced this ...
Tags: Hormel Foods, Skippy, acquisition, peanut butter brand, food industry
Hormel Foods has promoted James Snee to lead the US group's international operations. In an announcement today (26 September), Hormel said Richard Bross was retiring as president of Hormel Foods International Corp. Snee's appointment ...
Tags: International Chief, international operations, Hormel Foods
Hormel Foods is preparing to launch Jennie-O Turkey Tacos Mini Soft Taco Kits in a bid to appeal to US consumers looking for a "better-for-you" snack or light meal. "At Jennie-O, we understand people want quick and easy solutions to make ...
Tags: Taco Kit, snack, light meal
US-based Hormel Foods has reported that its net earnings for the third quarter ended 29 July 2012 increased 13% to $111.2m, compared to $98.5m in 2011, due to strong performance of its grocery products unit. Sales for the quarter ...
The North American meat-focused division of Sara Lee will attract acquisition bids when the company spins off its Europe-based coffee-and-tea division in the future. The new company, which is to be named Hillshire Brands, is expected to ...
Tags: meat-focused division, acquisition bids, coffee-and-tea division
Hormel Foods has reportedly surpassed the water, solid waste and packaging reduction targets in the first year as part of its larger five-year sustainability program. The objectives for fiscal 2012 in terms of solid waste, air and energy ...
Tags: Sustainable Packaging, solid waste, packaging reduction
Hormel Foods has announced that the company surpassed the packaging minimization goal by reducing packaging by a total of 21.8 million pounds, as part of its first set of five-year goals, which ended in 2011. The new goals, which became ...
Tags: product packaging, sustainability metrics, packaging weight
US food group Hormel Foods saw its profits accelerate in the final quarter of its financial year amid stronger earnings from its grocery products business. Hormel, which makes Spam canned meat, booked a 13% increase in net earnings to ...
Tags: food, grocery, canned meat, taco, burrito, refrigerated foods
US food group Hormel Foods has booked an increase in third-quarter profits as all five of its business segments reported earnings growth. In the three months ended 29 July, profit climbed 13% to US$111.2m, the company reported yesterday ...
Tags: food, third-quarter profits, increase, Hormel Foods
Hormel Foods has reformulated its Jennie-O turkey bacon to lower the salt and fat content in the product by 60%. The improved recipe turkey bacon will be in stores from this month with an "improved taste and texture", the US food company ...
Tags: food, bacon, lower salt, lower fat, turkey bacon