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Image courtesy of General Mills Acquisition strengthens General Mills’ position in fast-growing US pet food category General Mills has entered into a definitive agreement to acquire Tyson Foods’ pet treats business for $1.2 billion in cash in a transaction that provides an estimated tax benefit of $225 million, equating to an effective purchase price of $975 million.  The business, which includes the Nudges, Top Chews, and True Chews brands, is the leader in natural meat treats for pets. “This acquisition advances our Accelerate strategy and further reshapes o...

Tyson Foods Selling Independence Plant, Pet Treats Business Get our free mobile app A northeast Iowa manufacturing plant will likely be operating under new ownership by the end of this year. Tyson Foods, Inc. recently announced plans to sell its pet treat production facility in Independence to General Mills, Inc. for approximately $1.2 billion. The sale is expected to be complete by October, pending regulatory approval and other customary closing conditions. Once the transaction is finalized, Tyson Foods’ pet treats business and the nearly 300 people who work at the Independence plant will ...

General Mills adds pet brands MATT OTT | Associated Press General Mills is diving further into the red-hot pet food market, acquiring Tyson Foods' animal treat business for $1.2 billion in cash, the companies said Friday. Best known for Cheerios, Betty Crocker and Pillsbury, Minneapolis-based General Mills in 2018 entered the pet food business in a big way, spending $8 billion to acquire Blue Buffalo, a premium brand. Then the pandemic hit, fueling the biggest surge of pet adoptions in recent memory. About 12.6 million U.S. households got a new pet last year after the pandemic was declared in...

SILVER SPRING, Md. (AP) — General Mills is diving further into the red-hot pet food...

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. ...