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Hormel Foods Corporation acquires CytoSport, makers of Muscle Milk

BY Michael Johnsen

BENICIA, Calif. — CytoSport Monday evening announced that it will be acquired by Hormel Foods Corporation. CytoSport's brands align with Hormel Food's focus on protein while further diversifying its portfolio and broadening the appeal to younger consumers, the company stated. 
 
CytoSport was founded in 1998 by father-son duo Greg and Mike Pickett, and has remained a family-operated business from its inception.  The company produces a complete line of sports nutrition products, including powders, shakes and bars under the Muscle Milk brand.  The Pickett family will remain committed to the company's growth and will continue to be involved in day-to-day operations. 
 
"We are excited for the future of the company and are fully confident that aligning our team's knowledge and experience in the sports nutrition world with the incredibly robust global strategies of Hormel Foods, will help the company establish an even stronger portfolio of brands and products," stated CytoSport chairman Greg Pickett. "Over the last 15 years, we've developed one of the strongest brands in the industry and built an entirely new protein beverage category with Muscle Milk. This next step in the company's growth story will enable CytoSport to continue its leadership role in the industry and be a part of a global company with greater resources."  
 
"We view this new opportunity as a tremendous way to expand the CytoSport brand presence on the global scale and align with a company that shares our commitment to employees and consumers," said CytoSport co-founder Mike Pickett. "With the support from a multinational company like Hormel Foods, the entire CytoSport team is confident in the direction of the brands and look forward to continuing to share the brands' experiences with consumers around the country and the world."   
 
TSG Consumer Partners, CytoSport's strategic equity partner, also is selling its stake in the company.  
 
The transaction is subject to customary closing conditions, including the receipt of regulatory approvals in the United States, and is expected to close within 30 days.
 
 
 
 
 

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Meijer marks commitment to Detroit with second supercenter

BY Michael Johnsen

GRAND RAPIDS, Mich. — Less than a year after Meijer opened a supercenter at the historical Michigan State Fairgrounds on 8 Mile Road and Woodward Avenue, the retailer continued its investment in the city of Detroit on Monday with a formal groundbreaking ceremony for a second supercenter to be located at the site of the former Redford High School on the city's west side.
 
The planned supercenter represents the retailer's commitment to the city and its residents, as well as its philosophy of serving the needs of families by providing quality merchandise, fresh produce and a full-service, drive-thru pharmacy that puts family health care first, the company stated.
 
"The opening of our store in the city of Detroit last summer marked a significant milestone in our company history, and the beginning of a promise to be a part of this community long into the future," said Hank Meijer, Meijer co-chairman. "We could not be more pleased with its success, and look forward to opening another supercenter here in Detroit."
 
Detroit Mayor Mike Duggan was among several government and Meijer representatives in attendance.
 
"The first Meijer store in Detroit has shown how tremendous the market is in the city for quality shopping," Duggan said. "Adding this second store is a real testament to Meijer's commitment to Detroit and Detroiters' love for what Meijer adds to our community. Having these two retail anchors in our neighborhoods fills a great need for our residents and is a major selling point for others who are considering moving into the city."
 
Located at Grand River Avenue and McNichols Road, the planned northeast Detroit store is expected to create up to 500 jobs. Meijer donates more than 6% of its net profit each year to charitable organizations, including food banks and pantries. The company also partners with local farmers and businesses, when available, to provide locally-grown produce and other local products.
 
In addition to the retailer's traditional grocery and merchandise offerings, garden center and gas station, the planned store will feature the Meijer pharmacy and its free prescription program, as well as clinical services and immunizations designed to promote family health. The free prescription program includes leading oral generic antibiotics with a special focus on prescriptions most often filled for children, prenatal vitamins and medications for those with diabetes and high cholesterol. Since its inception in 2006, the Meijer free prescription program has filled more than 20 million free prescriptions, saving Meijer customers more than $284 million.
 
Construction of a new Meijer supercenter typically takes a year, and hiring announcements for the second Detroit store will begin in early 2015.
 

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APhA board members head to Capitol Hill for H.R. 4190

BY Antoinette Alexander

WASHINGTON — The American Pharmacists Association’s board of trustees went to Capitol Hill last week to talk to members of Congress and their staff about provider status. Combined, APhA participated in nearly 40 Hill meetings, Thomas Menighan, APhA EVP and CEO, stated on the association’s website.

 

Each member of the board met with Congress. On the House side, APhA asked members of Congress and their staff to cosponsor H.R. 4190, legislation that would provide Medicare beneficiaries with access to, and coverage for, pharmacist-provided patient care services in medically underserved communities.

 

A Senate bill has not yet been introduced, but each of APhA’s board members informed senators and staff about pharmacists’ abilities and knowledge, as well as updated them on H.R. 4190.

 

“It is always a pleasure to represent APhA and our members on the Hill. That Monday was particularly exciting because I was joined by our board members. The results of our activism are showing. We currently have 63 cosponsors for H.R. 4190, and the list grows every day,” Menighan said.

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