Total annual sales for the Skippy peanut butter business are expected to be approximately $370 million, with nearly $100 million of those sales outside the United States.
British-Dutch multinational company Unilever has completed the sale of its global Skippy business to Hormel Foods, excluding its operations in China where the transaction is pending regulatory approvals.
Once upon a time the peanut butter market used to be all about peanuts, but that’s no longer the case, said Lynn Dornblaser, analyst with Mintel, Chicago.
Nostalgia Electrics, a US-based manufacturer of small electric appliances, has developed a Peanut Butter Maker that will make butter from any nut variety.
