Under the agreement, Simmons Pet Food will acquire Menu Foods Ltd. for approximately US$239 million, including assumption of existing debt. The transaction must be approved by two-thirds of the votes from the Fund's unitholders. A vote is expected to take place at a special meeting in September, with the final closing expected early in the fourth quarter of 2010.
Pet owners want a lot from their pet food brands. They want primary proteins that suit what they believe is best for their animal. They want grains or they don't. They want something customized, but it has to be easy to understand.
Constraints and crises, like those experienced in 2020, help drive innovation and sustainability offers context.