"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.

Hormel has combined consumer insights, acquisitions and organic innovation and branched into on-trending categories such as better-for-you organic spreads and dips (Justin’s nut butters, Wholly Guacamole) and even sports nutrition (Muscle Milk). 

Menchie's Peanut Butter Brownie flavor is made with real SKIPPY® peanut butter and real cocoa powder, and contains no artificial flavors, no artificial colors, no high fructose corn syrup, and no partially hydrogenated oils.

The company is based in the Chicago metropolitan area and specializes in authentic Italian meats and sausages, as well as a variety of other premium meat products including pizza toppings and meatballs.

The transaction is subject to customary closing conditions, including the receipt of regulatory approvals, and is expected to close within 30 days.

Hormel Foods Corporation announced several leadership appointments. James M. Splinter has been appointed to the position of group vice president, corporate strategy.

Hormel Foods Corporation recently honored 26 suppliers with its prestigious Hormel No. 1 Award for their 2011 – 2015 performance. The honor is presented to the company’s top suppliers every five years.

Prior to his employment with Hormel Foods, Finnestad worked as the corporate chef for Michigan-based Cherry Republic, Inc.

Hormel Foods Corporation has grown dramatically through both acquisition and innovation—and transformed itself from a meat company into consumer packaged goods leader with a balanced, broad portfolio.