Pet Food News

Simmons Pet Food acquires Menu Foods Ltd.

Simmons Pet Food acquired Menu Foods Ltd., the operating subsidiary of Menu Foods Income Fund.

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.

Popular Stories