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January 3, 2013

Hormel Foods stuck on Skippy Peanut Butter

Hormel Foods will acquire the iconic peanut butter brand Skippy from Unilever for approximately $700 million.

AUSTIN, Minn. — Hormel Foods will acquire the iconic peanut butter brand Skippy from Unilever for approximately $700 million.

Hormel, known for its chili, ham and pork products, looks to balance its portfolio with the non-meat protein product. With peanut butter in a $2 billion category with a 74% household penetration, as well as the second most popular sandwich behind ham in the United States, Hormel will be in a good spot to grow its domestic and global brand presence.

October 29, 2012

Sabra Dipping introduces Asian cuisine-inspired hummus

Sabra Dipping Co., the country's leading hummus manufacturer, has introduced a new flavor of its Garden Variety Hummus — Asian Fusion.

WHITE PLAINS, N.Y. — Sabra Dipping Co., the country's leading hummus manufacturer, has introduced a new flavor of its Garden Variety Hummus — Asian Fusion.

Inspired by Asian cuisine, the new flavor of hummus incorporates the flavors of ginger and sesame, and is topped with crunchy carrots and peppers.