Skippy

Most people probably don’t think Spam lunchmeat and Skippy peanut butter make a good pairing.

But Hormel Foods, maker of the canned curiosity, begs to differ. The Minnesota-based company on Thursday said it would acquire the Skippy peanut butter business from Unilever for $700m – the largest deal in the company’s history. Among the rationales for the move? China. Read more