ADM to acquire a 75% stake in P4 Companies for $600m.

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.