ADM Significantly Expands Pet Treat and Supplement Capabilities with Planned Acquisition of Majority Stake in PetDine, Pedigree Ovens, The Pound Bakery
CHICAGO–(BUSINESS WIRE)– ADM (NYSE: ADM), a global leader in human and animal nutrition, announced today that it has reached an agreement to acquire a 75% ownership stake in PetDine, Pedigree Ovens, The Pound Bakery and NutraDine (P4 Companies), premier providers of private label pet treats and supplements. The transaction values the four enterprises in their entirety at approximately $600 million, and ADM will acquire 75% of the equity, subject to customary adjustments.
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