Farms.com Home   Ag Industry News

Unilever Sells Skippy Peanut Butter Business to Hormel Foods Corp

Hormel Pays $700 Million to Acquire Skippy Brand Peanut Butter Business

By , Farms.com

Austin, Minnesota-based Hormel Foods Corporation has announced the acquisition of Skippy Brand Peanut Butter from British-Dutch consumer products giant Unilever. The sale of America’s number two brand of peanut butter (Jiff, produced by J.M Smucker’s is the number one selling peanut butter in the U.S.A) is the largest acquisition ever made by Hormel, known primarily for cured and smoked meats, frozen foods and of course their most famous product – Spam.

The sale will include production facilities located in Little Rock, Arkansas and Weifang, China. According to a statement made by Hormel’s chief executive Jeffery M. Ettinger “The acquisition of the Skippy peanut butter business represents a significant opportunity for Hormel Foods. It allows us to grow our branded presence in the center of the store with a nonmeat protein product and it reinforces our balanced portfolio.”


Trending Video

New Holland’s Compact TH6.26 Telehandler Walkaround

Video: New Holland’s Compact TH6.26 Telehandler Walkaround

The new Model Year 2026 TH6.26 compact telehandler delivers powerful material handling in a size built for tight farm environments. In this video, Product Marketing Manager Lena Patton explains how this compact machine fits operations that need serious lifting capability without sacrificing maneuverability.

Designed especially for poultry houses, livestock farms, and dairy operations, the TH6.26 measures under 80 inches tall and just 72 inches wide, making it ideal for confined spaces while still offering strong reach and lift performance.

From manure handling in poultry houses to hay and feed movement on dairy and livestock farms, the TH6.26 delivers versatility in a compact footprint.