Headlines

Report: Nestlé Might Buy Pet Food Company in $2B Deal

Published

6 years ago

July 5, 2018

PETS+ Staff

The firm makes the Orijen and Acana brands.

Nestlé is considering a $2 billion purchase of Champion Petfoods, the Wall Street Journal reports.

In the potential deal, Nestlé would take on a majority share in the Canada-based company, according to the newspaper, which cited “people familiar with the matter.”

Champion, which makes dog food and cat food, responded to the report in a Facebook post.

“While we have certainly seen the speculation in media reports about Champion Petfoods’ future, we hope you can appreciate that it is our policy to never comment on rumours or speculation in the market,” the company stated. “Rumours about Champion being sold have been circulating over the past few years and will continue for as long we deliver on our promise to make the world’s best pet food under our ACANA and ORIJEN brands.”

The post continued: “Champion Petfoods continues to be privately held with investment from our Canadian partner, Bedford Capital, and our vision remains—build trust with Pet Lovers everywhere.”

Read more at the Wall Street Journal

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