The company shared its financials for the fourth quarter and 2024 fiscal year, detailing plans to optimize its pet food segment.

The company shared its short- and long-term strategies for its new dog and cat food division.

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

The company reported its fourth-quarter and full-year 2023 earnings on Nov. 16.

The acquisition is expected to provide Post with an entry point into the private label and co-manufacturing segment of the industry.

A recap of new facility announcements, acquisitions and expansion plans announced by pet food manufacturers and suppliers in the second half of 2021.