Colgate-Palmolive Co. undefined has announced plans to purchase three dry pet food manufacturing plants from Red Collar Pet Foods for $700 million. The...
Colgate-Palmolive Co. has announced plans to purchase three dry pet food manufacturing plants from Red Collar Pet Foods for $700 million. The acquisition will support the growth of Colgate-Palmolive's Hill's Pet Nutrition business, according to a statement released before market open on Monday. The plants, which are in Orangeburg, South Carolina; Clinton, Oklahoma; and Washington Court House, Ohio, will produce dry pet food for Hill's Science Diet and Prescription Diet brands.
The plants, which are in Orangeburg, South Carolina; Clinton, Oklahoma; and Washington Court House, Ohio, will produce dry pet food for Hill's Science Diet and Prescription Diet brands."This investment will help further strengthen the Hill's business today and for the long term," said Colgate-Palmolive CEO Noel Wallace, in the statement. Approximately 350 employees involved in the dry pet food operations will be transferred.
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