General Mills Dives Deeper Into Pet Market With This $1.45 Billion Acquisition: Details
General Mills Dives Deeper Into Pet Market With This $1.45 Billion Acquisition: Details
General Mills plans to fund the acquisition with cash on hand and new debt. This transaction aligns with General Mills' Accelerate strategy, aiming to enhance growth in core markets and global platforms.General Mills, Inc. (NYSE:GIS) disclosed a deal to acquire Whitebridge Pet Brands' North American premium cat feeding and pet treating business from NXMH for $1.45 billion.
通用磨坊公司（纽交所：GIS）宣布以14.5亿的价格收购NXMH旗下的Whitebridge宠物品牌在北美的高端猫粮和宠物零食业务。
The acquisition includes the Tiki Pets and Cloud Star brands, which are leaders in the $24 billion cat feeding and pet treating segments of the $52 billion U.S. pet food market.
此次收购包括Tiki Pets和Cloud Star品牌，这两个品牌在240亿美金的猫粮和宠物零食市场中占据领先地位，属于520亿美金的美国宠物食品市场。
The North American Whitebridge Pet Brands business generated approximately $325 million in U.S. Nielsen-measured retail sales in the past twelve months, predominantly in the pet specialty and E-commerce channels.
过去十二个月，北美的Whitebridge宠物品牌业务在美国Nielsen测量的零售销售额约为32500万，主要通过宠物专业店和电子商务渠道销售。
General Mills plans to fund the acquisition with cash on hand and new debt. This transaction aligns with General Mills' Accelerate strategy, aiming to enhance growth in core markets and global platforms.
通用磨坊计划使用现有现金和新债务来资助此次收购。此交易与通用磨坊的Accelerate策略一致，旨在增强核心市场及全球平台的增长。
Also, as part of the deal, General Mills will take over two manufacturing facilities in Joplin, Missouri. NXMH will retain Whitebridge Pet Brands' European operations and brands.
此外，作为交易的一部分，通用磨坊将接管位于密苏里州乔普林的两家制造设施。NXMH将保留Whitebridge宠物品牌的欧洲业务和品牌。
The transaction is expected to close in the third quarter of fiscal 2025, pending regulatory approval and other customary closing conditions.
该交易预计将在2025财年的第三季度完成，需等待监管批准和其他常规的成交条件。
Jon Nudi, group president, North America Pet, International, and North America Foodservice, General Mills said, "These brands complement our Blue Buffalo portfolio and will help us incrementally grow in Cat feeding and Treats. We're excited to welcome the North American Whitebridge team to General Mills and to provide pet parents with an expanding portfolio of brands to feed and treat their pets like family."
通用磨坊北美宠物、国际及北美食品服务的集团总裁Jon Nudi表示："这些品牌将补充我们的Blue Buffalo产品组合，并将帮助我们在猫粮和零食方面实现增量增长。我们很高兴欢迎北美Whitebridge团队加入通用磨坊，并为宠物父母提供越来越多的品牌组合，以像家人一样喂养和对待他们的宠物。"
In September, the company signed definitive agreements to sell its North American yogurt business to Lactalis and Sodiaal, leading French dairy companies, for a total of $2.1 billion.
在九月份，该公司与法国领先的乳制品公司Lactalis和Sodiaal签署了出售其北美酸奶业务的最终协议，总价为21亿。
As of August 25, the company had cash and cash equivalents of $468.1 million.
截至8月25日，公司有现金及现金等价物468100000美元。
Investors can gain exposure to the stock via Invesco Food & Beverage ETF (NYSE:PBJ) and First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG).
投资者可以通过Invesco食品与饮料ETF（纽交所：PBJ）和第一信托纳斯达克食品与饮料ETF（纳斯达克：FTXG）获得股票敞口。
Price Action: GIS shares are up 0.60% at $65.62 at the last check Thursday.
价格动态：GIS股票在上周四最后一次检查时上涨了0.60%，报65.62美元。
Photo by huoadg5888 via Pixabay
关于照片，图片由huoadg5888通过Pixabay提供
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