Announced
Financials
Sources
Tags
Friendly
Majority
Private
Single Bidder
United States
Pending
Food Products
Domestic
pet food
Acquisition
Synopsis
ADM, an American multinational food processing and commodities trading corporation, agreed to acquire a 75% stake in PetDine, Pedigree Ovens, The Pound Bakery and NutraDine, providers of private label pet treats and supplements, for $600m. "We’re continuing to advance our growth strategy and transform our company with targeted investments that expand our capabilities in large, high-growth segments, including pet nutrition – a key focus of our growing animal nutrition business,” Vince Macciocchi, ADM President of Nutrition Business.
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