Give credit where due - Hormel (HRL)
is not just playing lip-service to the idea of being a more diversified
packaged foods player. While many companies talk about wanting to make
bold moves, Hormel has shown over and over again that its management
team is actually willing to do it. The question, though, is whether the
company's $700 million purchase of the Skippy peanut butter brand from
Unilever (UL) is a bold move forward for the business, or a step too far outside of its competency.
Please continue reading here:
Hormel Buys Skippy: Bold Move Forward, Or Future Sticky Mess?
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