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General Mills to Buy Tyson Foods Pet Treat Business for $1 2B

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.

Annie s pledges purge of phthalates chemicals from its mac and cheese

Annie s pledges purge of phthalates chemicals from its mac and cheese
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