PepsiCo has agreed to purchase CytoSport, the maker of Muscle Milk protein shakes, from Hormel Foods for $465 million. The deal comes less than five years after Hormel paid

Cott has sold its RC Cola concentrate and international licensing business to Refresco for $50 million. Refresco, meanwhile, simultaneously flipped the RCI International business to an entity called RC Global Beverages.

Coca-Cola has completed its acquisition of Nigerian juice and dairy company Chi Ltd., having first invested in the company three years ago