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Pet Food News
on May 16, 2010

Unicharm offers to buy out petfood associate

Japan's Unicharm Corp. announced it is willing to spend 65.7 billion yen (US$698 million) to buy the shares it does not already own in its petfood-making affiliate, Unicharm Petcare Corp., according to Reuters.

Japan's Unicharm Corp.  announced it is willing to spend 65.7 billion yen (US$698 million) to buy the shares it does not already own in its petfood-making affiliate,  Unicharm Petcare Corp. , according to  Reuters .

Unicharm currently owns about 37% of the petfood firm, which is one of the top global petfood manufacturers and has made the   Petfood Industry Top 10 list  for several years.

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