Blue Buffalo Sells To General Mills!
Another one bites the dust!
General Mills, The Minneapolis-based food manufacturer, and maker of the famous breakfast cereal, has reached a deal to acquire Blue Buffalo Pet Products for about $8 billion.
The acquisition catapults General Mills into the growing market for natural pet foods made with what it called "wholesome" ingredients.
Wilton, Conn.-based Blue Buffalo sells a wide variety of pet food products, including veterinary diet goods, for a total of $1.275 billion in sales in 2017.