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Food & Beverage - SmartBrief 02/21/2019 19:00
PepsiCo’s restructuring news made waves among SmartBrief’s food and beverage readers this week, as did the company’s acquisition of Hormel’s CytoSport business, which includes the Muscle Milk line.
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MediaWeek 02/20/2019 17:41
PepsiCo did not elaborate, and a TBWA spokesperson declined to comment.
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For PepsiCo, the deal makes sense as Jim Snee, chairman of the board, president and chief executive officer at Hormel Foods, said, “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 ...
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Forbes 02/20/2019 13:52
PepsiCo, Inc. (NYSE: PEP) announced its Q4 2018 results on February 15, 2019, followed by a conference call with analysts.
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FoodNavigator 02/20/2019 12:38
PepsiCo boosts sports nutrition credentials with acquisition of CytoSport (Muscle Milk, Evolve Protein.
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Food Dive 02/20/2019 08:00
Jim Snee, chairman of the board, president and CEO at Hormel Foods, said Pepsi's experience in the nutrition category and long-standing distribution partnership for CytoSport and the Muscle Milk brand puts them in "strong position" to grow the business.
More from Food Dive: 02/19/2019 21:39
The deal marks the first major acquisition PepsiCo has carried out since Ramon Laguarta took over as PepsiCo CEO last October.
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