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Hormel buying No. 2 peanut butter Skippy for $700 million
Associated Press ^ | Jan 3, 2013 8:55 AM EST

Posted on 01/03/2013 6:39:13 AM PST by Olog-hai

Hormel Foods apparently has a hankering for a peanut butter and bacon sandwich. The company primarily known for cured, smoked and deli meats said Thursday that it’s buying Skippy, the country’s No. 2 peanut butter brand, for about $700 million.

Skippy, which was introduced in 1932 and is a staple in American pantries, is intended to increase Hormel’s presence in the center of the supermarket where shelf-stable foods are sold. It also gives the Austin, Minn.-based company a clearer path for growth overseas; Skippy is sold in about 30 countries and is the leading peanut butter brand in China, where Hormel is also looking to expand its Spam line. …

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy; Food
KEYWORDS: globaleconomy; hormel; peanuts; skippy
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1 posted on 01/03/2013 6:39:19 AM PST by Olog-hai
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To: Olog-hai

I’m waiting with bated breath for the chunky peanut butter with bits of Spam.


2 posted on 01/03/2013 6:42:54 AM PST by Carpe Cerevisi
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To: Olog-hai

Skippy is nasty!

It’s JIF or nothing!


3 posted on 01/03/2013 6:45:19 AM PST by TSgt (...voters discover that they can vote themselves generous gifts from the public treasury.)
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To: Olog-hai

Love Skippy, hate liberal Hormel.


4 posted on 01/03/2013 6:46:17 AM PST by bmwcyle (We have gone over the cliff and we are about to hit the bottom)
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To: Olog-hai

Choosy Mothers choose “Jif”!


5 posted on 01/03/2013 6:47:29 AM PST by US Navy Vet (Go Packers! Go Rockies! Go Boston Bruins! See, I'm "Diverse"!)
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To: Olog-hai

The AP writer and I share a preference for decadence that is a PB&B sandwich. I like mine with Hormel’s Black Label microwave bacon that I get at Sam’s.


6 posted on 01/03/2013 6:48:45 AM PST by T-Bird45 (It feels like the seventies, and it shouldn't.)
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To: TSgt

Another Jif eater, here


7 posted on 01/03/2013 6:48:57 AM PST by nuconvert ( Khomeini promised change too // Hail, Chairman O)
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To: TSgt

Have you tried Smart Balance? It comes in both smooth and chunky.

Our family loves it.....


8 posted on 01/03/2013 6:51:03 AM PST by basil (Second Amendment Sisters.org)
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To: nuconvert; TSgt; US Navy Vet

Look at the Skippy label and you’ll understand.

They take all the peanut oil out and put cheaper oils in.

Jif does as well, but in far less proportion. That’s why Jif tastes better.

(Among the treats occasionally enjoyed at the Shibumi Residence is peanut butter and strawberry preserves - with bacon. Thick cut bacon, cooked just so you can still discern the fat. Wash it down with good old AMERICAN apple juice.)


9 posted on 01/03/2013 6:55:15 AM PST by shibumi (Cover it with gas and set it on fire.)
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To: Olog-hai

Hormel meats..... Should be homo meats.....


10 posted on 01/03/2013 6:56:03 AM PST by baddog 219
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To: baddog 219

Well, Skippy is the choice of lonely lesbians who own dogs...


11 posted on 01/03/2013 6:57:56 AM PST by Clemenza ("History, I believe, furnishes no example of a priest-ridden people maintaining a free civil governm)
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To: shibumi

Actually when it comes to Peanut Butter I like store brands best(I REALLY like “Fareway” Store brand).


12 posted on 01/03/2013 6:59:11 AM PST by US Navy Vet (Go Packers! Go Rockies! Go Boston Bruins! See, I'm "Diverse"!)
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To: TSgt

JIF is cowpie. Skippy rocks


13 posted on 01/03/2013 7:02:36 AM PST by Smedley (It's a sad day for American capitalism when a man can't fly a midget on a kite over Central Park)
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To: US Navy Vet

We don’t have “Fareway” around here, so I can’t comment.

The local store brands I’ve tried aren’t that great. We do occasionally splurge and get some of that “whole peanut” natural stuff that’s nothing but mashed peanuts.

It’s pretty good but has a tendency to separate.


14 posted on 01/03/2013 7:03:29 AM PST by shibumi (Cover it with gas and set it on fire.)
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To: shibumi

I wonder, can you jusy buy some peanuts and make your own “Peanut Butter”? If so, how?


15 posted on 01/03/2013 7:06:30 AM PST by US Navy Vet (Go Packers! Go Rockies! Go Boston Bruins! See, I'm "Diverse"!)
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To: Olog-hai

Bacon & peanut butter. Sounds good—but not from Horriblemel.

Smart Balance! Can’t eat bacon anyway.


16 posted on 01/03/2013 7:10:07 AM PST by TribalPrincess2U (0bama's agenda¬óDivide and conquer. FREEDOM OR FREE STUFF- YOU GET ONE CHOICE, CHOOSE WISELY)
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To: US Navy Vet

Alton Brown and Food Network -

http://www.foodnetwork.com/recipes/alton-brown/homemade-peanut-butter-recipe/index.html

Looks pretty simple.


17 posted on 01/03/2013 7:12:05 AM PST by shibumi (Cover it with gas and set it on fire.)
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To: US Navy Vet

There are quite a few recipes for homemade peanut butter online. One of the easiest I’ve seen is using roasted peanuts (unsalted, 1 cup), peanut oil (a few tablespoons), salt and sugar (to taste), put into a blender (or food processor) and ground until smooth.


18 posted on 01/03/2013 7:13:07 AM PST by Olog-hai
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To: US Navy Vet
I wonder, can you just buy some peanuts and make your own “Peanut Butter”? If so, how?

What you need is a good food processor such as a Vitamix, a bag of peanuts, and some salt--probably about a teaspoon. just grind up the peanuts and salt, and you've got peanut butter.

I make my own peanut butter or buy brands such as Laura Scudder's, made solely from peanuts and salt.

19 posted on 01/03/2013 7:13:40 AM PST by Fiji Hill (Io Triumphe!)
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To: TSgt

I prefer mine wrapped in chocolate and labeled Reeses.


20 posted on 01/03/2013 7:14:12 AM PST by JoeDetweiler
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