Announced
Synopsis
Minerals Technologies, a firm that mines, produces, and sells mineral-based products, agreed to acquire Normerica, a manufacturer of pet products in the North America and Europe. Financial terms were not disclosed. “Normerica and its portfolio of branded and private label bentonite-based cat litter products fits perfectly with our North America cat litter business. The combination is extremely complementary, both geographically and from a product portfolio and customer perspective. MTI is a leading vertically integrated packaged pet litter company globally, and this transaction broadens our customer base and adds strategic manufacturing locations in North America. We are excited about this combination and look forward to welcoming the Normerica team to MTI," Douglas T. Dietrich, MTI Chairman and CEO.
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