Tyson Foods selling pet treats business
Tyson Foods May 14, 2021 Tyson Foods Inc. is selling its successful pet treats business to General Mills Inc. for approximately $1.2 billion, the company announced May 14. The sale of the business, a leading player in natural pet treats, is expected to be completed by the end of the company’s 2021 fiscal year, subject to regulatory approval and other customary closing conditions. It includes the Nudges, True Chews and Top Chews brands, as well as a production facility in Independence, Iowa. Tyson Foods will continue to provide meat ingredients for the pet treats business...