General Mills completes the $1.2 billion acquisition of Tyson Foods’ pet treats business
The business, which includes the Nudges, Top Chews and True Chews brands is now officially part of General Mills.
“This acquisition represents an important step as we reshape our portfolio for growth, in line with our Accelerate strategy,” said General Mills Chairman and Chief Executive Officer Jeff Harmening. “This business is a wonderful complement to our BLUE pet food portfolio, and we see a long runway of strong, profitable growth ahead for our combined pet food business.”
Tyson Foods’ pet treats portfolio generated more than $240 million in net sales in the 12 months ended April 3, 2021. As part of the acquisition, General Mills also acquired a manufacturing facility in Independence, Iowa.