U S Bank deal signals a big M&A year for Minnesota companies - Minneapolis / St Paul Business Journal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Sales of the ever-present granola bar plunge as pandemic snacking turns salty startribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from startribune.com Daily Mail and Mail on Sunday newspapers.
Company’s pet food sales is fastest-growing division.
Golden Valley-based General Mills is looking to grow its business among four-legged consumers. The Fortune 500 company announced on Friday morning that it has a deal to pay $1.2 billion in cash for the pet treats business of Arkansas-based Tyson Foods Inc.
For the 12 months ending on April 3, the Tyson pet treats portfolio generated sales of more than $240 million.
“Pet food is a high-growth category, fueled by the humanization of pets, a trend that has only increased during the pandemic,” said Bethany Quam, General Mills group president of its pet segment, in a statement.
Pillsbury soft-baked cookies roll out, as General Mills takes baking brand to another part of the grocery startribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from startribune.com Daily Mail and Mail on Sunday newspapers.