Unilever divests Skippy peanut butter brand in China to Hormel Foods
date:Nov 28, 2013
13 for approximately $700m.

On 3 January 2013, the two companies announced the deal, which includes Unilever's Skippy manufacturing facilities in Little Rock, Arkansas, US and Weifang, China.

The acquisition is part of Hormel Foods' strategy to expand its lunchtime offerings in the US and accelerate growth in China.

Unilever is a manufacturer of foods, beverages, cleaning agents and personal care products.
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