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The transaction purchase price was $465 million
Hormel Foods Corporation has announced that it has completed the sale of its CytoSport business to PepsiCo.
The transaction purchase price was $465 million, subject to working capital adjustments, and includes the Muscle Milk® and Evolve® brands.
Hormel Foods Corporation, based in Austin is a global branded food company. Its brands include SKIPPY®, SPAM®, Hormel® Natural Choice®, Applegate®, Justin’s®, Wholly Guacamole®, Hormel® Black Label®, Columbus® and others.