General Mills, a global food company, completed the acquisition of Blue Buffalo Pet Products, a leading supplier of pet foods, for $8bn in an all-cash transaction. The addition of Blue Buffalo establishes General Mills as the leader in the Wholesome Natural pet food category, the fastest-growing portion of the $30bn US pet food market, and accelerates the company's portfolio reshaping strategy. "This acquisition adds a compelling new growth platform to the General Mills portfolio, and I'm confident that we can leverage our capabilities to drive continued growth for the BLUE brand and significant value for General Mills shareholders." Jeff Harmening, General Mills Chairman and CEO.