date:Apr 16, 2013
Strategic acquisitions during the years first quarter suggest an appetite for growth across the grocery store. Hormel Foods Corp.s acquisition of Skippy peanut butter, announced in January, expands its branded presence in the center store. Tyson Foods February purchase of assets from Don Julio Foods, a tortilla and salty snacks maker, helps the company shed its image as a commodity protein producer.
Other activity during the quarter involved investment group takeovers, including Supervalu Inc.s