Mars Buys Most of Procter & Gamble’s Pet Food Business
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iStock/Thinkstock(CINCINNATI) — Procter & Gamble is getting out of the pet food business.
While it’s still the world’s biggest consumer products maker, the company will shed pet food brands Iams, Eukanuba and Natura — all being sold to Mars Inc. for about $3 billion.
Mars is known for candy bars and gum, but it also owns Pedigree and Whiskas pet food brands.
The sale comes on the heels of P&G selling Pringles to Kellogg in 2012, and several other food brands, like Folgers Coffee and Jif peanut butter, to the Smucker company in 2008.
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