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（紐交所：GIS）宣佈以14.5億的價格收購NXMH旗下的Whitebridge寵物品牌在北美的高端貓糧和寵物零食業務。
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，這兩個品牌在240億美金的貓糧和寵物零食市場中佔據領先地位，屬於520億美金的美國寵物食品市場。
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.
過去十二個月，北美的Whitebridge寵物品牌業務在美國Nielsen測量的零售銷售額約爲32500萬，主要通過寵物專業店和電子商務渠道銷售。
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.
通用磨坊計劃使用現有現金和新債務來資助此次收購。此交易與通用磨坊的Accelerate策略一致，旨在增強核心市場及全球平台的增長。
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，通用磨坊將接管位於密蘇里州喬普林的兩家制造設施。NXMH將保留Whitebridge寵物品牌的歐洲業務和品牌。
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財年的第三季度完成，需等待監管批准和其他常規的成交條件。
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、國際及北美食品服務的集團總裁Jon Nudi表示："這些品牌將補充我們的Blue Buffalo產品組合，並將幫助我們在貓糧和零食方面實現增量增長。我們很高興歡迎北美Whitebridge團隊加入通用磨坊，併爲寵物父母提供越來越多的品牌組合，以像家人一樣餵養和對待他們的寵物。"
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.
在九月份，該公司與法國領先的乳製品公司Lactalis和Sodiaal簽署了出售其北美酸奶業務的最終協議，總價爲21億。
As of August 25, the company had cash and cash equivalents of $468.1 million.
截至8月25日，公司有現金及現金等價物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).
投資者可以通過Invesco食品與飲料ETF（紐交所：PBJ）和第一信託納斯達克食品與飲料ETF（納斯達克：FTXG）獲得股票敞口。
Price Action: GIS shares are up 0.60% at $65.62 at the last check Thursday.
價格動態：GIS股票在上週四最後一次檢查時上漲了0.60%，報65.62美元。
Photo by huoadg5888 via Pixabay
關於照片，圖片由huoadg5888通過Pixabay提供
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譯文內容由第三人軟體翻譯。
