{"id":509733,"date":"2021-07-06T08:48:02","date_gmt":"2021-07-06T12:48:02","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/general-mills-completes-acquisition-of-tyson-foods-pet-treats-business\/"},"modified":"2021-07-06T08:48:02","modified_gmt":"2021-07-06T12:48:02","slug":"general-mills-completes-acquisition-of-tyson-foods-pet-treats-business","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/general-mills-completes-acquisition-of-tyson-foods-pet-treats-business\/","title":{"rendered":"General Mills Completes Acquisition of Tyson Foods\u2019 Pet Treats Business"},"content":{"rendered":"

<\/p>\n

General Mills Completes Acquisition of Tyson Foods\u2019 Pet Treats Business<\/b><\/p>\n

MINNEAPOLIS–(BUSINESS WIRE<\/a>)–
\nGeneral Mills (NYSE: GIS) today announced that it has completed the acquisition of Tyson Foods\u2019 (NYSE: TSN) pet treats business for $1.2 billion in cash. The business, which includes the Nudges<\/i>, Top Chews<\/i> and True Chews<\/i> brands, is the leader in natural meat treats for pets.\n<\/p>\n

\n\u201cThis acquisition represents an important step as we reshape our portfolio for growth, in line with our Accelerate strategy,\u201d said General Mills Chairman and Chief Executive Officer Jeff Harmening. \u201cThis 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.\u201d\n<\/p>\n

\nTyson Foods\u2019 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.\n<\/p>\n

About General Mills
\n
<\/b>General Mills makes food the world loves. The company is guided by its Accelerate strategy to drive shareholder value by boldly building its brands, relentlessly innovating, unleashing its scale and being a force for good. Its portfolio of beloved brands includes household names such as Cheerios, Nature Valley, Blue Buffalo, H\u00e4agen-Dazs, Old El Paso, Pillsbury, Betty Crocker, Yoplait, Annie\u2019s, Wanchai Ferry, Yoki and more. Headquartered in Minneapolis, Minnesota, USA, General Mills generated fiscal 2021 net sales of U.S. $18.1 billion. In addition, the company\u2019s share of non-consolidated joint venture net sales totaled U.S. $1.1 billion.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210706005419\/en\/<\/a><\/span><\/p>\n

\n(Investors) Jeff Siemon: +1-763-764-2301
\n
(Media) Kelsey Roemhildt: +1-763-764-6364\n<\/p>\n

KEYWORDS:<\/b> United States North America Minnesota<\/p>\n

INDUSTRY KEYWORDS:<\/b> Retail Food\/Beverage Pets Consumer<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
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General Mills Completes Acquisition of Tyson Foods\u2019 Pet Treats Business MINNEAPOLIS–(BUSINESS WIRE)– General Mills (NYSE: GIS) today announced that it has completed the acquisition of Tyson Foods\u2019 (NYSE: TSN) pet treats business for $1.2 billion in cash. The business, which includes the Nudges, Top Chews and True Chews brands, is the leader in natural meat treats for pets. \u201cThis acquisition represents an important step as we reshape our portfolio for growth, in line with our Accelerate strategy,\u201d said General Mills Chairman and Chief Executive Officer Jeff Harmening. \u201cThis 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.\u201d Tyson Foods\u2019 pet treats … <\/p>\n

Continue reading “General Mills Completes Acquisition of Tyson Foods\u2019 Pet Treats Business”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-509733","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGeneral Mills Completes Acquisition of Tyson Foods\u2019 Pet Treats Business - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/general-mills-completes-acquisition-of-tyson-foods-pet-treats-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"General Mills Completes Acquisition of Tyson Foods\u2019 Pet Treats Business - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"General Mills Completes Acquisition of Tyson Foods\u2019 Pet Treats Business MINNEAPOLIS–(BUSINESS WIRE)– General Mills (NYSE: GIS) today announced that it has completed the acquisition of Tyson Foods\u2019 (NYSE: TSN) pet treats business for $1.2 billion in cash. The business, which includes the Nudges, Top Chews and True Chews brands, is the leader in natural meat treats for pets. \u201cThis acquisition represents an important step as we reshape our portfolio for growth, in line with our Accelerate strategy,\u201d said General Mills Chairman and Chief Executive Officer Jeff Harmening. \u201cThis 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.\u201d Tyson Foods\u2019 pet treats … Continue reading "General Mills Completes Acquisition of Tyson Foods\u2019 Pet Treats Business"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/general-mills-completes-acquisition-of-tyson-foods-pet-treats-business\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-07-06T12:48:02+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210706005419r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/general-mills-completes-acquisition-of-tyson-foods-pet-treats-business\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/general-mills-completes-acquisition-of-tyson-foods-pet-treats-business\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"General Mills Completes Acquisition of Tyson Foods\u2019 Pet Treats Business\",\"datePublished\":\"2021-07-06T12:48:02+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/general-mills-completes-acquisition-of-tyson-foods-pet-treats-business\\\/\"},\"wordCount\":299,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/general-mills-completes-acquisition-of-tyson-foods-pet-treats-business\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210706005419r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/general-mills-completes-acquisition-of-tyson-foods-pet-treats-business\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/general-mills-completes-acquisition-of-tyson-foods-pet-treats-business\\\/\",\"name\":\"General Mills Completes Acquisition of Tyson Foods\u2019 Pet Treats Business - 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