The Gap (NYSE:GPS) purchases the women’s fashion boutique Intermix at a price of $130 million and this opportunity should provide the retailer an opening to the crucial luxury market. This marks the first acquisition in half a decade for Gap, which is benefitting from a series of rare fashion successes that drove its sales and shares in 2012. Intermix has relationships with designers such as Hervé Léger, Yves Saint Laurent and Rag & Bone.
On Thursday, Hormel Foods Corporation (NYSE:HRL) said that it will purchase the Skippy peanut butter division from Unilever (NYSE:UL). Domestically, the Skippy line is comprised of 11 varieties of shelf-stable peanut butter products. The brand was first introduced in 1932 and has the second-highest share in a $2 billion-category with a household penetration of 74 percent.
The sixth-biggest independent domestic Coca-Cola bottler, Sacramento Coca-Cola Bottling Company, reported Thursday that it has been purchased by The Coca-Cola Company (NYSE:KO). Although the financial were undisclosed, the sale approximates nine times earnings before interest, taxes, depreciation and amortization.
Martin Midstream Partners (NASDAQ:MMLP) acquired all of the outstanding membership interests in Talen’s Marine & Fuel effective December 31st. Concurrently with the purchase, the buyer divested certain working capital-related assets to Martin Energy Services, a wholly-owned subsidiary of Martin Resource Management Corporation.
Don’t Miss: How Luxurious Will This Deal Be for Gap?