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So far, 2023 has brought different types of changes in ownership of pet food brands and companies. | istocksdaily | iStock.com
As with most years, 2023 is seeing its fair share of pet food mergers & acquisitions (M&A), but deals to date have also included several significant divestitures. Arguably the most noteworthy has been J.M. Smucker’s announcement that it’s selling most of its pet food and treat brands, including iconic names like 9Lives, Kibbles n’ Bits and Gravy Train. The company is keeping only two high-performing brands, Milk-Bone and Meow Mix, plus its private label pet food business.
