Hormel Foods has announced the sale of its long-running supplement company CytoSport, to the American multinational corporation PepsiCo. CytoSport is the company responsible for the well-known and widely available Muscle Milk brand of protein products.
“PepsiCo has deep expertise and experience in the sports nutrition category and has been a long-standing distribution partner for CytoSport and the Muscle Milk® brand, which puts them in a strong position to grow this dynamic business,” – Jim Snee, president and CEO at Hormel Foods.
The purchase of CytoSport will be the first acquisition by PepsiCo under its new Chief Executive Officer Ramón Laguarta, who stepped into the role last year in October. The sale was officially announced today by Hormel Foods and is expected to be complete in about one to two months.
