The companies did not release the deal's exact terms, but said the transaction was between US$10 million and US$30 million, BMO Bank of Montreal provided debt financing and that management retained equity stakes.
Imperial targeted pet treats after finding it to be an attractive subsector in the market and was presented with Petra Pet by a BMO banker.
By Lindsay Beaton
As work continues on creating a new nutrition label that focuses on simplifying information for consumers, challenges remain.
By Tang Yu