date:Aug 14, 2014
US-based food company Hormel Foods has completed the acquisition of CytoSport Holdings, for $450m.
CytoSport, which is based in Benicia of California, produces muscle milk products. It has been purchased from the Pickett family and TSG Consumer Partners.
According to Hormel, the acquisition is expected to have a neutral impact on the current fiscal's earnings and will provide an accretion of around 5 cents per share in fiscal 2015.
The acquisition will serve as growth catalyst for the Hormel'