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  Topic: Spam maker to buy Skippy
peanut butter for $700M
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Spam maker to buy Skippy
peanut butter for $700M

Reuters, by Staff

Original Article

Posted By:JoniTx, 1/3/2013 3:22:36 PM

Hormel Foods apparently has a hankering for a peanut butter and bacon sandwich. The company primarily known for Spam and other cured, smoked and deli meats said Thursday that it´s buying Skippy, the country´s No. 2 peanut butter brand, in its biggest-ever acquisition. 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 nonperishable foods are sold. It also gives the Austin, Minn.-based company a stronger footing in international markets. Skippy is sold in about 30 countries and is the leading

      


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Reply 1 - Posted by: MissMolly, 1/3/2013 3:24:13 PM     (No. 9096879)

Oh my! Does anyone else remember Treet? It was supposed to be a rival for the Spam market back when Spam was a big deal. Do they still make Treet?

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Reply 2 - Posted by: Calvinesq, 1/3/2013 3:42:08 PM     (No. 9096912)

Peanut butter and spam. Yum!

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R-G1
  
R-VAR_AD


 
Reply 3 - Posted by: birddog, 1/3/2013 3:53:49 PM     (No. 9096928)

Hmmm...About the same price Algores "baby" sold for. Wonder who got the better deal? Spam buys hundreds of Millions of Loyal Customers. Algore sold 22,000 dwindling costumers. Investment, "you keep using that word...I´m not sure it means what you think it does"

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Reply 4 - Posted by: Flyright, 1/3/2013 4:03:32 PM     (No. 9096942)

Oh, my! I remember Treet. Our mother used to trick us with Treet sandwiches to take to school but we knew the difference until she learned to fry it. Then it was fully disguised.

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Reply 5 - Posted by: TheMotherCO, 1/3/2013 4:05:03 PM     (No. 9096947)

I thought for a minute that they were touting spam and peanut butter sandwiches. I still remember my Mom brought some home and my Dad threw it to the dogs - we hadd our own beef and pork and they were much better. Spam has always seemed like dog food ever since then.

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Reply 6 - Posted by: Mike PHX, 1/3/2013 4:07:21 PM     (No. 9096953)

One of the best meals in the world is a peanut butter, jelly and bacon sandwich, AKA "Fool´s Gold", one of Elvis´s favorites. The only thing better at curing a hangover is more booze.

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Reply 7 - Posted by: Bunsen, 1/3/2013 4:22:53 PM     (No. 9096976)

We think Skippy is the best. Even better with bacon or banana.

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Reply 8 - Posted by: Shagpoke, 1/3/2013 5:02:07 PM     (No. 9097042)

Making your own peanut butter is simple and cheap. It also tastes way better than the factory made crud.

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Reply 9 - Posted by: StormCnter, 1/3/2013 5:18:12 PM     (No. 9097075)

It does, #8. It´s delicious, fresh-tasting and easy. But, it keeps for about an hour and a half before it goes rancid.

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Reply 10 - Posted by: horacer, 1/3/2013 5:42:29 PM     (No. 9097106)

Kroger makes a natural peanut butter that´s the best. Two ingredients - roasted peanuts and salt. I buy half a dozen jars at a time.

Why does a transaction like this need regulatory approval? Is someone afraid Hormel will add chili to the peanut butter.


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Reply 11 - Posted by: BigGeorgeTX, 1/3/2013 6:34:57 PM     (No. 9097167)

Elvis is smiling in heaven.

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Reply 12 - Posted by: noddy, 1/3/2013 6:46:35 PM     (No. 9097191)

I just wanted to say this article refers to two of my least favorite foods. Then I read #6´s post. So I need to add: Oh dear.

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B-G1


 
Reply 13 - Posted by: JoElla Bee, 1/3/2013 6:54:22 PM     (No. 9097202)

What does Igor think about this?

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Reply 14 - Posted by: nonsense, 1/3/2013 7:05:25 PM     (No. 9097214)

Good deal, spam and peanutbutter. That is all we will be able to afford to eat after the Tax and Spend Demonrats get finished with their job killing, tax hiking, and pork spending bills and regulations they intend to jam through the next 4 years.

The Misery Index created for the convenience of the Demonrat Party.

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Reply 15 - Posted by: PLPointer67, 1/3/2013 8:13:25 PM     (No. 9097310)

Skippy is the only PB I´ll buy, so Hormel had better not mess with it!!! I like the Extra Crunchy, Roasted Honey (if I can find it).

I still remember the Skippy ad from the ?? 60´s ?? of the mom with a slice of bread, and her knife poised before a row of fresh roasted peanuts. And as she spreads the peanuts, they miraculously turn into Skippy Peanut butter! The ad has never lost my memory. Wish they’d bring it back.


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Reply 16 - Posted by: texaspast, 1/3/2013 9:37:03 PM     (No. 9097395)

Yes, I saw ´Treet´ in the store a couple of days ago - it was in Big Lots. No kidding.

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