Nestlé to acquire US-based Waggin’ Train

Nestlé has agreed to acquire the Waggin’ Train dog snacks business in the US. Waggin’ Train makes real-meat dog snacks.

Within the pet care industry, the dog snacks category has enjoyed higher-than-average growth, cites Nestlé, and Waggin’ Train has seen annual growth rates of approximately 30 percent during the last three years.

Waggin’ Train had sales of around US$200 million for the twelve months ending June 2010.

The transaction is expected to be completed by the end of September.