Nestlé SA in “talks” to buy majority stake in Champion PetFoods for over US$2b

CANADA – Nestlé SA, a Swiss transnational food and drink company, is in talks to buy a majority stake in Champion Petfoods LP for more than US$2-billion, according to the Wall Street Journal, citing people familiar with the matter. Nestlé is under pressure to deliver faster growth in its portfolio of products and is looking…

Nestlé inaugurates Chile state-of-the-art pet food factory to expand market

USA - Nestlé has inaugurated a state-of-the-art pet food factory in Teno, Chile to produce high-quality pet food for dogs and cats, meeting growing demand from pet owners in Chile. With an investment of US$120 million, the factory is amongst the most modern in the world, ensuring the highest standards of quality and food safety.…

Nestlé Purina PetCare acquires majority stake in Tails.com

UK - Nestlé Purina PetCare has acquired a majority stake in Tails.com, a direct-to-consumer, tailor-made dog nutrition business based in the UK in a commitment to provide happier and healthier lives to pets through proper nutrition and care. With the rapid growth of personalised pet nutrition, as well as subscription services, Nestlé Purina’s shareholding in…

JM Smucker to acquire Ainsworth Pet Nutrition for US$1.9 billion

USA - JM Smucker has announced the acquisition of Ainsworth Pet Nutrition for US$1.9 billion plus an estimated tax benefit of US$200 million and considers a divestiture of its US baking business including brands like Pillsbury and Martha White. The acquisition aims at strengthening the company’s pet food portfolio to drive growth and expand its…