General Mills To Acquire Tiki Pets, Cloud Star Pet Brands In $1.45 Billion Deal
General Mills will purchase Whitebridge Pet Brands’ North American premium cat feeding and pet treat business from European private equity firm NXMH in a $1.45 billion deal.
The sale includes the Tiki Pets and Cloud Star portfolio, as well as two manufacturing facilities in Joplin, MO.
The North American Whitebridge Pet Brands business generated approximately $325 million in U.S. retail sales in the past 12 months, predominantly in the pet specialty and e-commerce channels, according to General Mills.
The deal is expected to close in the fiscal third quarter of 2025. NXMH will retain the European business and brands.