Hormel Buys Skippy Peanut Butter
Minnesota-based Hormel Foods - food parent to brands like Spam and Hormel Meats - has bought Skippy Peanut Butter from Unilever.  The deal is rumored to be $700 million for the venerable food brand.
Peanut Butter Prices To Skyrocket
Expect to pay more for your next jar of peanut butter.  A LOT more!
The makers of Jif peanut butter have said they expect to raise prices by 30-percent because of higher peanut costs.