@HormelFoods ($HRL) will acquire sports-nutrition maker CytoSport (maker of @MuscleMilk) for $450 million. Hormel Foods’ CEO said, “The acquisition of CytoSport expands our offerings of portable, immediate, protein-rich foods, and broadens our appeal with younger consumers. Muscle Milk® premium protein products further enhance our balanced business model.” Hormel has a focus on protein with protein brands including Skippy Peanut Butter, Spam and Jennie-O meats. Thus, acquiring the leading provider of premium protein products in the sports nutrition category (CytoSport) further diversifies Hormel’s portfolio, while breaking into the sports nutrition category.   - Link