Tyson Foods to Sell Pet Treats Business for $1.2B
Send Tyson Foods Inc. of Springdale said Friday that it is selling pet treats business to General Mills Inc. for about $1.2 billion. The deal is expected to be completed by the end of the company's fiscal year and is subject to regulatory approval. Tyson's treats business includes the Nudges, True Chews and Top Chews brands, along with a production facility in Independence, Iowa. It has 300 employees, and those workers will join General Mills. "We're proud of the tremendous success of this business and the diligent work by our team to meet growing demand for high qu...
Source: arkansasbusiness.com