Smucker’s portfolio optimisation programme has already seen the business sell its Crisco cooking oil brand to B&G Foods and its Natural Balance pet-food business to US investment firm Nexus Capital management in the last 12 months.Īssess developments within this sector to help your business thrive in 2022 and beyond. Rob Ferguson, senior vice president and general manager, pet food and pet snacks, at Smucker, said: “This divestiture enables us to focus investments and resources on areas of our pet food and pet-snacks business positioned for growth and profitability, including driving category growth in dog snacks, building upon our momentum in cat food – particularly with Meow Mix, and stabilising Nutrish dog food by growing consumer demand.” The divested operation generated net sales of approximately $95m for the fiscal year ended 30 April 2021. The transaction does not include any branded products or the company’s private-label wet pet-food business. Smucker, which owns food and beverage brands including Folgers, Jif and Milk-Bone, said the disposal should be viewed as part of its “continued portfolio optimisation”. Contact Information Headquarters 103 N Olive St, Meta, Missouri, 65058, United States (573) 229-4203 Diamond Pet Foods Profile and History Founded in 1970 and headquartered in Meta, Missouri, Diamond Pet Foods manufactures dog and cat food. The deal includes a manufacturing facility in Frontenac, Kansas.
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Please check your email to download the Report. Major trends in the market including rapid delivery, ambient retailing, supply chain disruption, and inflationĪssess developments within this sector to help your business thrive in 2022 and beyond.
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GlobalData predicts that the sector will continue to hold a higher share than had been predicted prior to the pandemic. As consumer behavior changes, we consume more food and drink at home, and inflation increases basket sizes. Domez de alba, Dich teure halle nilsson, Friendship pictures for kids. The market has grown as a result of inflation.Ĭonsumer unwillingness to go out and socialize, and the reopening of several hospitality facilities, helped maintain the demand for groceries, particularly online, in 2021. Diamond crossing nagpur patent, Best 50cc scooter to modify, 19233 auveco. The plant is expected to be operational in 2024.The food and grocery sector thrived during the pandemic, largely due to the shutdown of the food service industry and the sector’s subsequent necessity, panic-induced bulk purchasing, and spending more time at home. Governor Eric Holcomb and Rushville Mayor Mike Pavey joined executives from Diamond Pet Foods to break ground on the project. We look forward to adding Rushville and Indiana to the Diamond family." "This new state-of-the-art facility will allow us to continue offering quality pet food at prices pet parents can feel good about. "We are excited to choose Rushville for its proximity to suppliers as well as the community's skilled workforce," said Mike Kampeter, president of Diamond Pet Foods. has attributed to a need to grow its Midwest presence.
The company says that increasing demand for pet food and growing pet ownership in the U.S. This facility represents one of the largest private investments in Rushville's history, according to the Rush County Economic Development Corp.
The new facility will be Diamond Pet Foods' first in Indiana as the company is mainly based in Missouri. Diamond Naturals Canned Dog Food, 13.2 Ounces Per Can, Beef Dinner for All Life Stages, 12 Pack 4. The company plans to create around 170 jobs by the end of 2024. says the 700,000-square-foot facility will allow the company to increase output to clients throughout the Midwest. The investment figure has since risen from the original estimate of $200 million. Plans for the project were first announced in November 2021. Diamond Pet Foods has broken ground on a nearly $260 million manufacturing and distribution center in Rushville, Indiana.
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