Hormel Foods announces sale of CytoSport to PepsiCoStaff Writer |
Acquisition PepsiCo has deep expertise and experience in the sports nutrition category
Hormel Foods Corporation announced it has entered into a definitive agreement to sell its CytoSport business to PepsiCo.
"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," said Jim Snee, chairman of the board, president and chief executive officer at Hormel Foods.
"We look forward to working with PepsiCo to ensure a smooth transition for our team members, suppliers, customers and consumers." ■
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