How is General Mills Strengthening its Hold on the Pet Food Market? [Yahoo! Finance]
General Mills, Inc. (GIS)
Last general mills, inc. earnings: 3/18 07:00 am
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Source: Yahoo! Finance
This strategic move aligns with the company's Accelerate growth strategy, which focuses on expanding its presence in core markets, leveraging global platforms and nurturing local brands to drive sustainable, profitable growth and deliver long-term shareholder value. The acquisition includes two leading brands in the cat food and pet treating segments, Tiki Pets and Cloud Star. These segments represent a combined $24 billion retail sales within the broader $52 billion U.S. pet food market. By acquiring these popular brands, General Mills aims to strengthen its position in the fast-growing U.S. pet food category and capture additional growth opportunities. The transaction is expected to close by the third quarter of fiscal 2025. General Mills intends to fund the acquisition through available cash and new debt. As part of the transaction, General Mills will take over the operations of two manufacturing facilities in Joplin, MO. Meanwhile, NXMH will retain ownership of Whitebridge Pet
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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