20 Feb 2019 — Global food company Hormel Foods (Hormel) has sold its CytoSport business to US food and beverage giant PepsiCo for an undisclosed sum, as PepsiCo looks to expand its portfolio of healthier food and beverages. The transaction, which includes the sports and wellness brand Muscle Milk, is subject to customary closing conditions, including regulatory approvals, and is expected to be finalized in 30-60 days.