PepsiCo: buys Hormel Foods' sports nutrition business
(CercleFinance.com) - PepsiCo has entered into a definitive agreement to buy Hormel Foods' sports nutrition business for an undisclosed amount, the US soft drinks giant said on Tuesday.
PepsiCo said that it has been a long-standing distribution partner for the business, which includes premium CytoSport protein products and Muscle Milk shakes.
This puts the company in a strong position to grow the business, it added.
The deal is expected to be completed in 30 to 60 days, Pepsi said.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
PepsiCo said that it has been a long-standing distribution partner for the business, which includes premium CytoSport protein products and Muscle Milk shakes.
This puts the company in a strong position to grow the business, it added.
The deal is expected to be completed in 30 to 60 days, Pepsi said.
Copyright (c) 2019 CercleFinance.com. All rights reserved.