The deal was first announced in November 2022.

The company will invest up to $100 million in fiscal 2024 to support the new business segment.

Parent company Colgate-Palmolive anticipates raw and packaging material costs to continue to rise in 2024.

Pet Supplies Plus, EarthWise Pet, and Woof Gang Bakery & Grooming have all been listed on Entrepreneur’s 2024 Franchise 500 Ranking.

Targeted Petcare has acquired private-label pet treat producer Pet Brands.

Marel’s largest shareholder accepted JBT’s latest offer.

Through two transactions with 35 Oak Holdings, the company plans to unlock “significant value” for Big Sky Milling.

The acquisition of Vital Petfood Group will support United Petfood’s growth strategy.

The company plans to acquire Absolute Pets to tap into the growing pet care market.

Newsweek’s 2024 list features several large CPG companies with divisions dedicated to pet food or treats.