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（紐約證券交易所代碼：GIS）披露了一項協議，將以14.5億美元的價格從NXMH收購懷特布里奇寵物品牌的北美優質貓咪餵養和寵物護理業務。
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.
此次收購包括Tiki Pets和Cloud Star品牌，它們是美國520億美元寵物食品市場中價值240億美元的貓咪餵養和寵物護理領域的領導者。
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.
根據尼爾森測算，北美懷特布里奇寵物品牌業務在過去十二個月中創造了約3.25億美元的零售額，主要集中在寵物專業和電子商務渠道中。
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.
通用磨坊計劃用手頭現金和新債務爲收購提供資金。該交易符合通用磨坊的加速戰略，旨在促進核心市場和全球平台的增長。
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，作爲交易的一部分，通用磨坊將接管密蘇里州喬普林的兩個製造工廠。NXMH將保留懷特布里奇寵物品牌在歐洲的業務和品牌。
The transaction is expected to close in the third quarter of fiscal 2025, pending regulatory approval and other customary closing conditions.
該交易預計將在2025財年第三季度完成，尚待監管部門批准和其他慣例成交條件。
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."
通用磨坊北美寵物、國際和北美餐飲服務集團總裁喬恩·努迪表示：「這些品牌補充了我們的Blue Buffalo產品組合，將幫助我們在貓飼養和零食領域逐步增長。我們很高興歡迎北美懷特布里奇團隊加入通用磨坊，併爲寵物父母提供更多的品牌組合，讓他們像家人一樣餵養和對待寵物。」
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.
9月，該公司簽署了最終協議，將其北美酸奶業務出售給法國領先的乳製品公司Lactalis和Sodiaal，總額爲21億美元。
As of August 25, the company had cash and cash equivalents of $468.1 million.
截至8月25日，該公司的現金及現金等價物爲4.681億美元。
Investors can gain exposure to the stock via Invesco Food & Beverage ETF (NYSE:PBJ) and First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG).
投資者可以通過景順食品飲料ETF（紐約證券交易所代碼：PBJ）和第一信託納斯達克食品和飲料ETF（納斯達克股票代碼：FTXG）獲得股票敞口。
Price Action: GIS shares are up 0.60% at $65.62 at the last check Thursday.
價格走勢：在週四的最後一次檢查中，GIS股價上漲0.60％，至65.62美元。
Photo by huoadg5888 via Pixabay
照片由 huoadg5888 通過 Pixabay 拍攝
- General Mills Faces Mixed Q1 Results: Earnings Win, Sales Drop, And Big Bets On 2025 Rebound
- 通用磨坊第一季度業績喜憂參半：盈利增長、銷售額下降以及對2025年反彈的大賭注
