P&G ENTERS PET NUTRITION MARKET WITH PURCHASE OF IAMS
By Adnews Staff
The Procter & Gamble Company of Cincinnati is purchasing The Iams Company of Dayton, Ohio for US$2.3 billion. Iams is a global producer of premium pet nutrition with its Eukanuba and Iams brands of dog and cat food sold in 77 countries. The acquisition, P&G's largest ever, was a result of the company's new corporate ventures group CNV. The group was created to examine and pursue new growth opportunities beyond P&G's current businesses. Iams will join P&G's health care and corporate new ventures global business unit, which is led by Bruce Byrnes. The acquisition is expected to be complete within 30 days.
« Back Next »
Comments
blog comments powered by Disqus