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General Mills Completes Acquisition of Tyson Foods’ Pet Treats Business
General Mills announced that it has completed the acquisition of Tyson Foods’ pet treats business for $1.2 billion in cash. The business, which includes the Nudges, Top Chews and True Chews brands, is the leader in natural meat treats for pets.
“This acquisition represents an important step as we reshape our portfolio for growth, in line with our Accelerate strategy,” said General Mills Chairman and Chief Executive Officer Jeff Harmening. “This business is a wonderful complement to...
General Mills Acquires Tyson Foods' Pet Treats Business for $1.2 Billion
General Mills announced that it has entered into a definitive agreement to acquire Tyson Foods’ pet treats business for $1.2 billion in cash in a transaction that provides an estimated tax benefit of $225 million, equating to an effective purchase price of $975 million. The business, which includes the Nudges, Top Chews and True Chews brands, is the leader in natural meat treats for pets.
“This acquisition advances our Accelerate strategy and further reshapes our portfolio for growth by adding an attractive business to our fast-growing Pet platform,” said General Mills Chairman and Chief Executive Officer Jeff Harmening. “Today’s announcement reinforces our commitment to using all...
ANALYSIS: MSC Enjoys Unseasonal Updraft in Value
It isn’t often that MSC takes the spotlight, especially so early in the year before seasonal springtime demand has a chance to fully develop, but...
Cargill Opens Antibiotic-Free Premix Plant in Ohio
During a virtual event for producers, customers and media, Cargill announced the opening of its new premix animal nutrition facility in Lewisburg, Ohio. The 220,000 square-foot, future-ready facility is deploying advanced technology not previously used in animal agriculture or pet food production that allows the use of less resources to produce feed, while ensuring the highest quality and traceability of its products for Cargill customers.
The Lewisburg West facility broke ground on November 8, 2018 and represents a $50 million investment in expanding Cargill’s existing feed production operations. The facility produces...
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