date:Jul 01, 2014
el Foods portfolio.
Based in Benicia, Calif., CytoSport was founded in 1998 by the Pickett family, and produces Muscle Milk products, the No. 1 brand in the ready-to-drink protein beverage category.
Total 2014 annual sales are expected to be approximately $370 million. The purchase price is approximately $450 million. Hormel Foods expects this acquisition to provide about 5 cents per share accretion in fiscal 2015, with a neutral impact to fiscal 2014 earnings, including transaction costs.
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