General Mills Makes Acquisition To Capitalise On Fast-Growing Pet Food Market kamcity.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kamcity.com Daily Mail and Mail on Sunday newspapers.
General Mills to acquire pet snack brands from Tyson Foods in $1.2B deal Photo: Richard Drew/Associated Press. In this Feb. 23, 2018 file photo, the logo for General Mills appears above a trading post on the floor of the New York Stock Exchange. General Mills is diving further into the red-hot pet food market, acquiring Tyson Foods’ pet treat business for $1.2 billion in cash, the companies said Friday, May 14, 2021. Rebecca Omastiak Created: May 14, 2021 09:58 AM
Golden Valley-based General Mills announced Friday it will acquire Tyson Foods pet treats business in a deal valued at $1.2 million.
The deal includes the Nudges, Top Chews and True Chews brands.
General Mills to buy pet treats business from Tyson Foods for $1.2 billion
The Golden Valley company will add a number of meat treats to its portfolio.
Author:
General Mills is expanding its pet offering with the planned acquisition of Tyson Foods pet treats business.
The Golden Valley-based food giant is acquiring the business that includes Nudges, Top Chews and True Chews brands for $1.2 billion, a news release says.
The pet food industry is a $35 billion a year industry, and has seen an increase thanks to pet ownership growing during the COVID-19 pandemic, Tyson noted in a news release. “Pet food is a high-growth category, fueled by the humanization of pets, a trend that has only increased during the pandemic,” Bethany Quam, General Mills Group President, Pet segment, said in a statement.
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Photo by Eric Ayres
The city of Wheeling plans to raze the former Chase Bank building, at left, to build a new parking garage â estimated to be at least six decks tall â to support the private development of the Historic Wheeling-Pitt Lofts in the former Wheeling-Pittsburgh Steel headquarters.
WHEELING Movement on the $30 million Wheeling-Pitt Lofts project in downtown Wheeling has already started a domino effect of investment expected to continue in the future, transforming a city block that for the most part has remained vacant for years.
Earlier this year developer Steve Coon of Coon Restoration and Sealants, along with Dr. John Johnson, owner of the former Wheeling-Pittsburgh Steel headquarters building, announced their plans to move forward with a long-awaited redevelopment of the city’s tallest building into a 12-story apartment complex to be known as the Historic Wheeling-Pitt Lofts.