Hormel Foods Corporation, a global branded food company, announced it has entered into a definitive agreement to sell its CytoSport business to PepsiCo Inc. The transaction is subject to customary closing conditions, including regulatory approvals, and is expected to be completed in 30-60 days.
“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.”
Exclusive Access to Educational Webinars and Podcasts: Join our community for invaluable insights into meat and poultry, including webinars and podcasts led by industry experts.
Timely and Informative eNewsletters: Stay updated on crucial topics like sustainability and food safety with our eNewsletters, empowering you to make informed choices in your meat and poultry journey.
Unlimited Article Access: Dive deep into the world of meat and poultry with unlimited access to our library of articles.