Hormel to buy maker of Muscle Milk

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AUSTIN, Minn – Hormel Foods is announcing they are buying the maker of Muscle Milk Sports Nutrition Products. Hormel says they have entered into a definitive agreement to acquire CytoSport Holdings, Inc., maker of Muscle Milk products. The transaction is expected to close within 30 days.
The purchase price is approximately $450 million. Total sales in 2014 of Muscle Milk products is expected to be $370 million.

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