Nestlé Reportedly in Talks to Buy Champion Petfoods
The Wall Street Journal is reporting that Nestlé is in talks to acquire a majority stake in Champion Petfoods for more than $2 billion. Citing "people familiar with the matter," the report warns that the talks could still break down before a deal is completed.
A favorite among independent pet specialty retailers because of its commitment to this retail segment, Champion produces dog and cat food under the Orijen and Acana brands.
More to come as this story develops...