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Candy Giant Mars, Inc. to Acquire Nutro Products, Inc. 7-7-08

Mars, Incorporated today announced the signing of a definitive agreement to acquire the global pet food operations of Nutro Products Inc., a leading manufacturer of high nutrition, high performance dog and cat foods sold in pet specialty and farm and feed stores. Closing of the purchase of Nutro from funds advised by Bain Capital Partners LLC, a global private investment firm, is subject to normal regulatory approvals which are expected to be completed within a few months. Terms of the deal were not disclosed.

The transaction will bring together two of the most recognized names in the petcare industry. Nutro will operate as a stand-alone organization within the Mars family of companies and will maintain its commitment to the pet specialty channel.

"This acquisition will enhance our business by providing Mars with Nutro's high quality brands," said Bob Gamgort, North American president for Mars. "These brands are known for quality ingredients, unsurpassed nutrition and high consumer loyalty. Nutro's product portfolio, exceptional sales force, operational excellence, and strong focus on customer service will be an outstanding addition to our business," said Gamgort.

Nutro president and CEO David Kravis, together with the current management team, will continue to operate the business from its headquarters in City of Industry, CA. "We are proud of our relationship with Nutro pet parents, and of the long-standing, mutually supportive relationships we have developed with our specialty pet store partners. We look forward to building on those strengths and our continued commitment to them with the support of Mars," Kravis said.

Goldman, Sachs & Co. is serving as financial advisor, and Skadden, Arps, Slate, Meagher & Flom LLP is acting as counsel to Mars, Incorporated. JP Morgan Chase is serving as financial advisor, and Ropes & Gray LLP is acting as counsel to Nutro Products.

Comment:

I felt this story needed to get out to my readers as many still use Nutro. Nutro is not a "a leading manufacturer of high nutrition, high performance dog and cat foods". I quit consulting for them 10 years ago when they started putting corn in everything and calling it necessary to lower urinary ph! There is only one food I recommend of theirs and that is the Natural Choice lamb and Rice. However keep your eyes peeled, with candy giant Mars taking over ingredients will change! The better brand and the one I am currently using is Blue Buffalo. Blue Buffalo will send you a FREE sample and Coupon. (Click on True Blue Test) I still think Wellness is great too.

A goof pet food is defined by its ingredients. For ingredients good and bad and what they do visit our Pet Place Page.