Hormel Foods is buying Skippy, the country's number two peanut butter brand, from Unilever for about $700 million. Skippy debuted on the market in 1932 and is a staple in American pantries. Hormel says it hopes the brand will boost its presence in the center aisles of the supermarket, where shelf-stable foods are sold. It also gives the company a clearer path for growth overseas, where Hormel is also looking to expand its Spam line, reports The Associated Press.
Grupo Bimbo SAB, Mexico City, and Flowers Foods, Thomasville, Ga., are emerging as the two of the bidders for Wonder Bread and other Hostess bread brands as Irving, Texas-based Hostess Brands Inc. tries to sell off its assets under bankruptcy-court oversight.
Klaus Tenbergen, Ed.D., joins the California Raisin Marketing Board as its new culinary consultant. The accomplished educator and chef brings more than 30 years of baking and culinary experience to the board.
Gourmet dessert makers Steven Roberts Original Desserts and Ticklebelly Desserts are consolidating their Colorado bakery, warehouse and corporate headquarters in a facility in Aurora.
As the federal government takes action to keep barge traffic moving on the Mississippi River, the Independent Bakers Association sends a letter to President Obama, FEMA administrators and others outlining its members’ concerns.
House Foods America Corp., Garden Grove, Calif., a subsidiary of House Foods Corp., Tokyo, acquired El Burrito Mexican Food Products Inc., a leading healthy Mexican food brand based in City of Industry, Calif.
The Hillshire Brands Co., Chicago, is selling Kitchens of Sara Lee Pty. Ltd. to McCain Foods Pty. Ltd., Ballarat, Australia. The transaction will enable Hillshire Brands to focus on innovation and growth in key categories.
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