(Reuters) -Normal Mills mentioned on Thursday it has entered right into a definitive settlement to amass Whitebridge Pet Manufacturers’ North American premium cat feeding and pet treating enterprise in a transaction valued at $1.45 billion.
Normal Mills (NYSE:) mentioned the deal might additional advance its Speed up technique, with a give attention to its core markets, world platforms and robust native manufacturers to drive regular progress and top-tier shareholder returns in the long term.
Whitebridge’s enterprise contains the Tiki Pets and Cloud Star portfolio of manufacturers, and its cat feeding and pet treating segments collectively make up $24 billion in retail gross sales.
