CYTOSPORT has been 100% owned by HORMEL FOODS since August 2014.

At what enterprise value was CYTOSPORT acquired in 2014?

During the acquisition of CYTOSPORT by HORMEL FOODS in 2014, the transaction's Enterprise Value is estimated to be in the range of 300M - 700M USD.

What was the EV/EBITDA of CYTOSPORT when it was acquired by HORMEL FOODS?

The estimated EV/EBITDA multiple for CYTOSPORT is in the range of 15x - 25x.

When was CYTOSPORT acquired by HORMEL FOODS?

CYTOSPORT was acquired by HORMEL FOODS in 2014.

What was the revenue of CYTOSPORT at the time of the deal?

The revenue of CYTOSPORT at the time of the deal is estimated to be in the range of 250M - 500M USD.

What was the EBITDA of CYTOSPORT during the acquisition?

CYTOSPORT's EBITDA is estimated to be in the range of 25M - 50M USD.

How is the data for the CYTOSPORT acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the CYTOSPORT deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.hormelfoods.com/newsroom/press-releases/hormel-foods-closes-acquisition-cytosport-maker-muscle-milk-products/

What is the average EV/EBITDA multiple for the AgriFood sector in 2026?

The average EV/EBITDA multiple for the AgriFood sector in 2026 is 11.0x.

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Home Database AgriFoodCYTOSPORT

08/2014

CYTOSPORT acquired by HORMEL FOODS

UNITED STATES Food Processing / Food Products EV 300M - 700M USD

Context

Hormel Foods closed its acquisition of CytoSport Holdings, the maker of Muscle Milk products, on August 12, 2014. Hormel Foods bought the Benicia, California-based sports nutrition business from the Pickett family, which founded it in 1998, and from TSG Consumer Partners, giving both sellers a full exit. The purchase price was , against total 2014 annual sales expected to be . Hormel Foods said it expected the acquisition to add about 5 cents per share in fiscal 2015, with a neutral effect on fiscal 2014 earnings including transaction costs. The deal was announced as closed, so no closing conditions remain outstanding. CytoSport's brands, led by Muscle Milk, the top brand in the ready-to-drink protein beverage category, fit Hormel Foods' focus on protein and broaden its portfolio. The acquisition is intended as a growth catalyst for the Specialty Foods segment and extends the company's range of portable, protein-rich foods.

-> Deep-dive in AgriFood market trends

Target

Founded in 2014 through Hormel Foods' acquisition of CytoSport Holdings, Inc., the business manufactures sports nutrition products under the Muscle Milk brand. Its portfolio spans ready-to-drink beverages, protein-based powders, sports nutrition bars and energy chews. In 2017, CytoSport introduced Evolve, a plant-based and vegan protein line featuring shelf-stable shakes, powders and bars made with pea protein. The company targets athletes, fitness enthusiasts and consumers seeking convenient protein options across retail channels. Its dual-brand approach pairs a mainstream sports nutrition label with a plant-based alternative, addressing a broadening range of dietary preferences within the category.

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Other operations with CYTOSPORT

List of similar M&A transactions (Date, Acquirer, Target, Country, Sub-sector)
Date	Acquirer	Target	Country	Sector
04/2019	PEPSICO	CYTOSPORT	UNITED STATES	Food Products

REFERENCES

Valuation range: EV 300M - 700M USD

Revenue range: 250M - 500M USD

EBITDA range: 25M - 50M USD

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of CYTOSPORT by HORMEL FOODS are reserved for mynth community members. Register for free to unlock full data.

Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.

Press release: view release

Acquirer: hormel foods