Unilever completes Skippy sale in China
London / Rotterdam / Englewood Cliffs – Unilever today completed the sale of its Skippy business in China to Hormel Foods. This follows completion of the sale of the rest of the global Skippy business to Hormel Foods on January 31, 2013.
On January 3, the two companies announced the global deal for approximately $700 million, including the Skippy trademarks and two manufacturing facilities (in the U.S. and China).
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