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Unilever completes sale of Skippy brand to Hormel in most markets
ENGLEWOOD CLIFFS, N.J. — Unilever has mostly completed its sale of the Skippy peanut butter brand to Hormel Foods, the company said Friday.
The conglomerate said it had completed the $700 million sale of the global business, except for China, where it remains subject to regulatory approval and is expected to close later this year.
The two companies announced the deal on Jan. 3, including the brand's trademarks and two factories, in the United States and China.
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YoCrunch launches Yopa! Greek yogurt brand
NAUGATUCK, Conn. — YoCrunch has introduced a new line of Greek yogurt, the company said.
Yopa! is described as an authentic, strained Greek yogurt whose name is a portmanteau of "Yo" for "yogurt" and the traditional Greek cheer for joy, "opa!"
The company has hired 2012 Olympic gold medalist and Associated Press female athlete of the year Gabby Douglas to promote the brand.