Cargill, a national supplier of animal feed in the agricultural retail space has announced an agreement to acquire pet food company, Pro-Pet.
Saint Mary’s, Ohio-based Pro-Pet is a private label and co-manufactured pet food brand whose portfolio of products includes the Black Gold label of dog food. This latest acquisition will make Minneapolis-based Cargill the only national supplier of animal feed and pet food offerings, the company said.
Retailers have plenty to cheer at the beginning of the new year.
Holiday sales increased 4.9% in 2017, setting a new record for dollars spent, according to Mastercard SpendingPulse. It was the largest year-over-year increase since 2011. Online shopping saw large gains of 18.1% compared to 2016, boosted by a late-season rally. (The SpendingPulse report details holiday shopping from Nov.1 through Dec. 24 and covers retail sales across all payment types.)
It has been announced that Walgreens Boots Alliance will be reducing its stake in Guangzhou Pharmaceuticals Corporation, a pharmaceutical wholesaling joint venture in China. This announcement comes after the Deerfield, Ill.-based company announced plans earlier this year their plans to take a 40% stake in Sinopharm Holding GuoDa Drugstores.