Leaf Plans Nestle US Bid

Leaf Brands LLC in Newport Beach said it will bid for Switzerland-based Nestle SA’s U.S. candy business. Nestle brands include Butterfinger, Baby Ruth and Crunch bar, and had U.S. sales of about $922 million last year, a 2.9% market share. It has begun shopping the unit to candy companies and private equity firms, the Wall Street Journal and Fortune magazine said.

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Hormel Names CEO for CytoSport Brand

Hormel Foods Corp. has named Lisa Selk chief executive officer of CytoSport, the sports nutrition company and maker of Muscle Milk premium protein products.

Selk will steer the CytoSport enterprise as it continues to focus on new product innovation and expanded distribution of its sports nutrition products. Selk brings more than 20 years of experience building consumer packaged food brands including Skippy peanut butter.

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