Hormel Foods Corporation has completed the sale of its CytoSport business to PepsiCo, Inc. at a cost of $465 million, subject to working capital adjustments. The transaction includes the Muscle Milk and Evolve brands.
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PepsiCo is will be the new owner.
Hormel Foods Corporation has completed the sale of its CytoSport business to PepsiCo, Inc. at a cost of $465 million, subject to working capital adjustments. The transaction includes the Muscle Milk and Evolve brands.