Categories: Market News

General Mills gets its fill of Blue Buffalo

Blue Buffalo Pet Products will now have a new home at General Mills.

The consumer-foods giant plans to buy the dog-food maker for about $8 billion ($40 per share) in cash.

General Mills looks to finance the deal, which is expected to close by FY 2018 end, through a debt-equity-cash on hand combo.

Blue Buffalo is a leading pet food company that has seen growth in the green over the past few years through its natural treats for dogs and cats. The company’s most prominent brand BLUE tops the list of Wholesome Natural pet foods, posting over $1 billion in net sales last year.

This acquisition will give General Mills a strong position in the natural pet food category in the United States.

Courtesy: Blue Buffalo

With recent turn toward organic food by the caretakers for themselves, pets have also seemed to follow the trend.

Let’s hope it stays there, because “gluten-free vegan” may not go down well with our furry canine carnivores.

 

Share
Published by

Recent Posts

KO Earnings: Key quarterly highlights from Coca-Cola’s Q4 2025 financial results

The Coca-Cola Company (NYSE: KO) reported its fourth quarter 2025 earnings results today. Net revenues…

7 minutes ago

KT Corp. Annual Operating Profit Surges 205% as AI and Real Estate Drive Growth

The South Korean telecommunications provider reported a significant increase in annual profit for 2025, supported…

27 minutes ago

Hasbro (HAS) Q4 2025 Earnings: Key financials and quarterly highlights

Hasbro, Inc. (NASDAQ: HAS) reported its fourth quarter 2025 earnings results today. Revenues increased 31%…

29 minutes ago

Spotify Q4 2025 Earnings Results

Spotify ended 2025 on a strong note, reporting steady revenue growth and a sharp jump…

54 minutes ago

Earnings Summary: Jerash Holdings (US), Inc. posts sharp Q3 FY26 earnings rebound as revenue and margins improve

Jerash Holdings (US), Inc. (NASDAQ: JRSH) reported significantly improved financial results for the fiscal 2026…

2 hours ago

Prospect Capital Shares Steady Following Fiscal Q2 Adjusted Earnings Beat Despite NAV Decline

Shares of Prospect Capital Corporation (PSEC) traded mixed to slightly positive in early trading on…

9 hours ago