Hormel Foods Offloads Health Labs Arm
US-based food group Hormel Foods has sold its Health Labs business to Paine Schwartz Partners-owned Lyons Magnus for an undisclosed sum.
Following the acquisition, the food and beverages group announced the creation of Lyons Health Labs, which will focus on “nutritional and healthy” products.
Its products will cater to consumers dealing with dysphagia, unintended weight loss, digestive health issues, and hydration needs.
Lyons Health Labs will function as a business unit within Lyons Magnus and will have its headquarters in Fresno, California...
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