General Mills Advances Accelerate Strategy with Acquisition of Whitebridge Pet Brands' North American Premium Cat Feeding and Pet Treating Business [Yahoo! Finance]
General Mills, Inc. (GIS)
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Source: Yahoo! Finance
MINNEAPOLIS, November 14, 2024 BUSINESS WIRE )--General Mills, Inc. (NYSE: GIS) today announced it has entered into a definitive agreement to acquire Whitebridge Pet Brands' North American premium Cat feeding and Pet treating business from NXMH in a transaction valued at $1.45 billion. The business, which includes the Tiki Pets and Cloud Star portfolio of brands, is a growth leader in the Cat feeding and Pet treating segments, which collectively make up $24 billion in retail sales within the broader $52 billion U.S. pet food category. With this transaction, General Mills further advances its Accelerate strategy, with a focus on its core markets, global platforms and local gem brands to drive sustainable, profitable growth and top-tier shareholder returns over the long term. "Acquiring the Tiki Pets and Cloud Star portfolio strengthens our commitment in the Pet space," said Jon Nudi, group president, North America Pet, International, and North America Foodservice, General Mills. "Th
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GIS
Earnings
- 9/18/24 - Beat
GIS
Sec Filings
- 11/21/24 - Form 8-K
- 11/20/24 - Form 424B5
- 11/19/24 - Form 4
- GIS's page on the SEC website