Finance & Capital Management

Unilever will sell its global Skippy business to Hormel Foods for a total cash consideration of approximately $700 million.

As a result of this transaction, Dean Foods expects to realize approximately $887 million in proceeds, net of taxes and expenses.

Kraft Foods extends its engagement with IBM to build borderless operations through a single enterprise resource planning platform from SAP.

BluePrint, a marketer and manufacturer of raw, organic cold-pressed fruit and vegetable juices and juice beverages, generated approximately $20 million in sales in calendar year 2012.

Starbucks acquired Teavana for an aggregate acquisition price of approximately $620 million in cash.

The strategic acquisition is expected to strengthen Hitachi's ability to deliver a complete range of strategy, implementation and technology services for businesses across the globe.

Spectrum Brands acquisition of HHI also includes certain assets of Tong Lung Metal Industry Co. Ltd., a Taiwanese manufacturer of residential and commercial locksets with facilities in Taiwan and the Philippines.