Hormel completes deal for CytoSport Holdings, maker of Muscle Milk products.
Hormel Foods Corporation, Austin, Minn., completed its purchase of CytoSport Holdings, Inc., the Benecia, Calif., maker of Muscle Milk® products.
Officials say Muscle Milk is the leading brand in the ready-to-drink protein beverage category. They project CytoSport’s total 2014 annual sales at approximately $370 million. The purchase price is approximately $450 million.