Tyson Foods: sells pet treats business

(CercleFinance.com) - Tyson Foods announces the sale of its pet treats business to General Mills for approximately 1.
2 billion dollars, subject to customary approvals and conditions. It is expected to close the deal by the end of FY 2021.

The deal includes the Nudges, True Chews and Top Chews brands, as well as a manufacturing facility in Independence, Iowa. Tyson Foods will continue to supply meat ingredients to this business after its takeover by General Mills.

Tyson Foods' pet treats business and its workforce of approximately 300 employees will become part of General Mills after the sale is completed.


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