date:Jan 07, 2013
n China, other than saying that if it builds any manufacturing facilities, they will be to produce foods for local consumers rather than to replace U.S. factories.
On Thursday, Smucker's rival, Hormel Foods Corp., announced it was buying Skippy peanut butter for about $700 million, with plans to expand.
In a conference call with analysts, according to the Associated Press, CEO Jeffrey Ettinger noted that peanuts and peanut oil are popular in China. And although peanut butter is not yet a house