M&A
confidence high
sentiment positive
materiality 0.80
General Mills to acquire Whitebridge Pet Brands' North American business for $1.45B
GENERAL MILLS INC
- Deal includes Tiki Pets and Cloud Star brands, a growth leader in $24B cat feeding and pet treating segments.
- Acquisition funded with cash on hand and new debt; expected to close in Q3 fiscal 2025.
- Business generated ~$325M in U.S. Nielsen retail sales over past 12 months.
- General Mills assumes two manufacturing facilities in Joplin, Missouri; complements Blue Buffalo portfolio.
- Fifth pet acquisition since 2018, advancing Accelerate strategy in core markets.