Author Topic: Nestle Purina in “talks” to purchase Champion Pet Food  (Read 113 times)

Offline DeeDee

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Nestle Purina in “talks” to purchase Champion Pet Food
« on: July 02, 2018, 11:43:14 AM »
Quote
Per the Wall Street Journal “Nestlé is in talks to acquire a majority stake in Canada’s Champion Petfoods for more than $2 billion…”

The Wall Street Journal article states “Nestlé’s interest in Champion comes about a year after the company first disclosed a far-reaching plan to revive its stock price by investing in areas such as pet care…”

“The acquisition of Champion could help Nestlé sustain the momentum of its pet-food operation, while providing the Edmonton, Alberta-based company with a broader customer base to sell to. Champion, as a closely held company, doesn’t disclose financial information. But it and other natural pet-food makers are growing faster than more traditional rivals as more health-conscious consumers increasingly do for their pets what they do for themselves by buying more natural food and high-end treats.”

If the sale goes through…will consumers buy Orijen and Acana if it is a Purina product? Will independent pet food stores continue to sell the brands?

The rest of the story at: http://truthaboutpetfood.com/nestle-purina-in-talks-to-purchase-champion-pet-food/

And the WSJ article: https://www.wsj.com/amp/articles/nestle-in-talks-to-buy-pet-food-maker-for-2-billion-1530531553
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Offline Middle Child

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Re: Nestle Purina in “talks” to purchase Champion Pet Food
« Reply #1 on: July 02, 2018, 01:10:12 PM »
<Shrug> one garbage pet food company buying up another.  It's still all crap.

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