General Mills Acquires Tyson Foods' Pet Treats Business
July 6, 2021
General Mills completed the purchase of Tyson Foods’ pet treats business for $1.2 billion in cash, acquiring the Nudges, Top Chews and True Chews brands and a manufacturing facility in Independence, Iowa. The pet treats portfolio generated more than $240 million in net sales for the 12 months ended April 3, 2021; General Mills said the acquisition complements its BLUE pet food portfolio and supports its portfolio reshaping strategy.
- Buyers
- General Mills
- Targets
- Tyson Foods' pet treats business (Nudges, Top Chews, True Chews)
- Sellers
- Tyson Foods
- Industry
- Food & Beverage
- Location
- Arkansas, United States
- Transaction Type
- Divestiture
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