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Hormel buying No. 2 peanut butter Skippy for $700 million
Associated Press ^ | Jan 3, 2013 8:55 AM EST

Posted on 01/03/2013 6:39:13 AM PST by Olog-hai

Hormel Foods apparently has a hankering for a peanut butter and bacon sandwich. The company primarily known for cured, smoked and deli meats said Thursday that it’s buying Skippy, the country’s No. 2 peanut butter brand, for about $700 million.

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 shelf-stable foods are sold. It also gives the Austin, Minn.-based company a clearer path for growth overseas; Skippy is sold in about 30 countries and is the leading peanut butter brand in China, where Hormel is also looking to expand its Spam line. …

(Excerpt) Read more at hosted.ap.org ...


TOPICS: Business/Economy; Food
KEYWORDS: globaleconomy; hormel; peanuts; skippy

1 posted on 01/03/2013 6:39:19 AM PST by Olog-hai
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To: Olog-hai

I’m waiting with bated breath for the chunky peanut butter with bits of Spam.


2 posted on 01/03/2013 6:42:54 AM PST by Carpe Cerevisi
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To: Olog-hai

Skippy is nasty!

It’s JIF or nothing!


3 posted on 01/03/2013 6:45:19 AM PST by TSgt (...voters discover that they can vote themselves generous gifts from the public treasury.)
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To: Olog-hai

Love Skippy, hate liberal Hormel.


4 posted on 01/03/2013 6:46:17 AM PST by bmwcyle (We have gone over the cliff and we are about to hit the bottom)
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To: Olog-hai

Choosy Mothers choose “Jif”!


5 posted on 01/03/2013 6:47:29 AM PST by US Navy Vet (Go Packers! Go Rockies! Go Boston Bruins! See, I'm "Diverse"!)
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To: Olog-hai

The AP writer and I share a preference for decadence that is a PB&B sandwich. I like mine with Hormel’s Black Label microwave bacon that I get at Sam’s.


6 posted on 01/03/2013 6:48:45 AM PST by T-Bird45 (It feels like the seventies, and it shouldn't.)
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To: TSgt

Another Jif eater, here


7 posted on 01/03/2013 6:48:57 AM PST by nuconvert ( Khomeini promised change too // Hail, Chairman O)
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To: TSgt

Have you tried Smart Balance? It comes in both smooth and chunky.

Our family loves it.....


8 posted on 01/03/2013 6:51:03 AM PST by basil (Second Amendment Sisters.org)
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To: nuconvert; TSgt; US Navy Vet

Look at the Skippy label and you’ll understand.

They take all the peanut oil out and put cheaper oils in.

Jif does as well, but in far less proportion. That’s why Jif tastes better.

(Among the treats occasionally enjoyed at the Shibumi Residence is peanut butter and strawberry preserves - with bacon. Thick cut bacon, cooked just so you can still discern the fat. Wash it down with good old AMERICAN apple juice.)


9 posted on 01/03/2013 6:55:15 AM PST by shibumi (Cover it with gas and set it on fire.)
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To: Olog-hai

Hormel meats..... Should be homo meats.....


10 posted on 01/03/2013 6:56:03 AM PST by baddog 219
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To: baddog 219

Well, Skippy is the choice of lonely lesbians who own dogs...


11 posted on 01/03/2013 6:57:56 AM PST by Clemenza ("History, I believe, furnishes no example of a priest-ridden people maintaining a free civil governm)
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To: shibumi

Actually when it comes to Peanut Butter I like store brands best(I REALLY like “Fareway” Store brand).


12 posted on 01/03/2013 6:59:11 AM PST by US Navy Vet (Go Packers! Go Rockies! Go Boston Bruins! See, I'm "Diverse"!)
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To: TSgt

JIF is cowpie. Skippy rocks


13 posted on 01/03/2013 7:02:36 AM PST by Smedley (It's a sad day for American capitalism when a man can't fly a midget on a kite over Central Park)
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To: US Navy Vet

We don’t have “Fareway” around here, so I can’t comment.

The local store brands I’ve tried aren’t that great. We do occasionally splurge and get some of that “whole peanut” natural stuff that’s nothing but mashed peanuts.

It’s pretty good but has a tendency to separate.


14 posted on 01/03/2013 7:03:29 AM PST by shibumi (Cover it with gas and set it on fire.)
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To: shibumi

I wonder, can you jusy buy some peanuts and make your own “Peanut Butter”? If so, how?


15 posted on 01/03/2013 7:06:30 AM PST by US Navy Vet (Go Packers! Go Rockies! Go Boston Bruins! See, I'm "Diverse"!)
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To: Olog-hai

Bacon & peanut butter. Sounds good—but not from Horriblemel.

Smart Balance! Can’t eat bacon anyway.


16 posted on 01/03/2013 7:10:07 AM PST by TribalPrincess2U (0bama's agenda¬óDivide and conquer. FREEDOM OR FREE STUFF- YOU GET ONE CHOICE, CHOOSE WISELY)
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To: US Navy Vet

Alton Brown and Food Network -

http://www.foodnetwork.com/recipes/alton-brown/homemade-peanut-butter-recipe/index.html

Looks pretty simple.


17 posted on 01/03/2013 7:12:05 AM PST by shibumi (Cover it with gas and set it on fire.)
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To: US Navy Vet

There are quite a few recipes for homemade peanut butter online. One of the easiest I’ve seen is using roasted peanuts (unsalted, 1 cup), peanut oil (a few tablespoons), salt and sugar (to taste), put into a blender (or food processor) and ground until smooth.


18 posted on 01/03/2013 7:13:07 AM PST by Olog-hai
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To: US Navy Vet
I wonder, can you just buy some peanuts and make your own “Peanut Butter”? If so, how?

What you need is a good food processor such as a Vitamix, a bag of peanuts, and some salt--probably about a teaspoon. just grind up the peanuts and salt, and you've got peanut butter.

I make my own peanut butter or buy brands such as Laura Scudder's, made solely from peanuts and salt.

19 posted on 01/03/2013 7:13:40 AM PST by Fiji Hill (Io Triumphe!)
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To: TSgt

I prefer mine wrapped in chocolate and labeled Reeses.


20 posted on 01/03/2013 7:14:12 AM PST by JoeDetweiler
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To: US Navy Vet

Absolutely, there are several reipes if you want to “google”.

Here’s one:

First roast the nuts in a 350 degree oven on a baking sheet for 10 to 15 minutes; making sure they do not get too brown.

You will need a blender or food processor and some oil. Peanut oil, olive oil, coconut oil, or even a little butter if you like.

3 1/2 cups peanuts, roasted
1/2 tsp kosher salt(more or less to taste)
2tsp honey or maple syrup
3-4 Tbls oil (your preference)

Combine peanuts, salt, and honey in food processor fitted with a chopping blade. Process for 30 seconds, then while processor is running drizzle in oil and process 30 seconds. If peanut butter is too dry or thick, drizzle in the 4th Tablespoon. If you want it really easy to spread, and a little more honey and/or oil.

That’s all it takes.


21 posted on 01/03/2013 7:23:17 AM PST by greeneyes (Moderation in defense of your country is NO virtue. Let Freedom Ring.)
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To: US Navy Vet
I buy store brands too, or whatever I have a coupon for and/or is in sale. I'm not a peanut butter snob.

Years ago, the Krogers supermarket chain had a strong presence in this area. Their peanut butter came in all sizes of containers, including a pail which I think held 5 pounds of peanut butter. Almost every night before bedtime, Dad and I had a ritual. We would each get out our respective crackers (Dad liked saltines, I liked Ritz). Dad would set the pail of peanut butter in the middle of the kitchen table. We would each take our spreaders, dig into the peanut butter and spread it on our crackers.

Alas, Krogers left the area and my father passed on. I've never found peanut butter quite as good as Krogers and certainly not in five pound containers. But sometimes in memory of my dad, I get out the crackers and peanut butter. Never mind what Michelle and the food police say. Still one of my favorite snacks.

22 posted on 01/03/2013 7:24:32 AM PST by fatnotlazy
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To: greeneyes

reipes = recipes


23 posted on 01/03/2013 7:25:19 AM PST by greeneyes (Moderation in defense of your country is NO virtue. Let Freedom Ring.)
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To: TSgt

I’ve been buying Smucker’s Natural stuff.
List of ingredients is pretty short;
Peanuts.


24 posted on 01/03/2013 7:27:51 AM PST by Dr. Bogus Pachysandra ( Ya can't pick up a turd by the clean end!)
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To: shibumi
Among the treats occasionally enjoyed at the Shibumi Residence is peanut butter and strawberry preserves - with bacon.

At the Roccus Ranchero I serve this on rye toast.

25 posted on 01/03/2013 7:28:10 AM PST by Roccus
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To: fatnotlazy

Kroger Brands are in LOTS of stores now. Check out this URL to see if there is one close by you: http://services.kroger.com/


26 posted on 01/03/2013 7:29:14 AM PST by US Navy Vet (Go Packers! Go Rockies! Go Boston Bruins! See, I'm "Diverse"!)
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To: Roccus

I like rye as well. My family prefers Italian.

But I agree with you. Good rye toast is just the thing for *almost* any sandwich.


27 posted on 01/03/2013 7:32:59 AM PST by shibumi (Cover it with gas and set it on fire.)
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To: US Navy Vet

I go with store brands on PB, unless something’s on sale that’s cheaper.

I don’t eat many PB sandwiches, but I do like PB & Ramen noodles. I put two packages of noodles in boiling water, use only one package of the Ramen chicken seasoning in a bowl, add red peppers, boiling water and whisk in a spoonful of peanut butter and toss this with the noodles when they come out. Makes a a Thai chicken-peanut taste.

When I do have it at home most of my PB consumption is probably straight out of the jar...


28 posted on 01/03/2013 7:40:43 AM PST by fattigermaster
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To: US Navy Vet
Thanks. Closest stores to me are about 25 miles away in Ohio and WV.

The reason Krogers left here was the union. Basically, the union demanded too much money, the company said no, the workers went on strike, the company packed up and left.

29 posted on 01/03/2013 8:01:21 AM PST by fatnotlazy
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To: US Navy Vet
Actually when it comes to Peanut Butter I like store brands best

A lot of them are made by a company called Red Wing Foods in upstate NY. Excellent stuff.


30 posted on 01/03/2013 8:13:35 AM PST by Buckeye McFrog
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To: Olog-hai

According to Frisky the wonder tigress, both leftist extremists and assault lawyers taste better than bacon.


31 posted on 01/03/2013 8:14:29 AM PST by Standing Wolf
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To: Standing Wolf

re: “According to Frisky the wonder tigress, both leftist extremists and assault lawyers taste better than bacon.”

I don’t think I could get past the smell.


32 posted on 01/03/2013 8:29:30 AM PST by rusty schucklefurd
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To: Olog-hai

Mmmmm! I’ve been eating peanut butter and bacon sandwiches since I was a kid (late 50s) and still enjoy them from time to time. Which peanut butter? The one you like the best is obviously the best one. JIF always tended to be a little too dry but that’s my preference. I haven’t tried fried spam on my PB sandwich but as much as I like fried spam it might be worth trying.


33 posted on 01/03/2013 8:43:43 AM PST by RJS1950 (The democrats are the "enemies foreign and domestic" cited in the federal oath)
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To: TSgt; US Navy Vet

JIF or NOTHING!

Keep your Skippy, skippy.


34 posted on 01/03/2013 9:42:55 AM PST by carriage_hill ("I meant to say maggot, but I have a lisp.")
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