Maker Of Processed Meat Products To Purchase Maker Of Muscle Milk, Other Supplements

Hormel Foods Brands added to its already diverse portfolio by making a move to purchase CytoSport Holdings, the maker of supplement brands such as Muscle Milk.

Minnesota-based Hormel announced that it will pay $450 million for California-based CytoSport.

Officials with Hormel, which produces brands such as Dinty Moore meals, Skippy peanut butter, Hormel Chili and DiLusso deli meats, say the deal should close within 30 days.

Hormel board chairman Jeffery Ettinger says in a news release that the addition of CytoSport aligns with the company’s focus on protein.

CytoSport specializes in a variety of dietary supplements that are designed to provide muscle mass for body builders and other athletes.

Hormel Foods to Acquire Maker of Muscle Milk® Sports Nutrition Products [Hormel Foods]