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...Best known for its jam and peanut butter, Smucker moved into pet food in 2015 with the $5.8bn acquisition of Big Heart Pet Brands. Three years later it bought Ainsworth Pet Nutrition for $1.9bn....
...The bigger disappointment, though, was in the company’s pet food business, which it bolstered last year through the $1.9bn acquisition of Ainsworth Pet Nutrition amid a broader wave of food manufacturers...
...Pet Nutrition, which increased its exposure to the faster-growing pet food market....
...The miss — Wall Street had expected sales of $2.05bn — was largely due to the company’s acquisition of pet foodmaker Ainsworth Pet Nutrition, but slightly offset by the sale of its baking division....
...That was aided by the company’s acquisition in May of Ainsworth Pet Nutrition. Analysts estimated sales of $1.95bn....
...Its fiscal fourth-quarter earnings were impacted by pet food recalls and financing costs related to its $1.9bn deal for Ainsworth Pet Nutrition earlier this year....
...JM Smucker is beefing up its pet food portfolio with the addition of Ainsworth Pet Nutrition in a deal worth $1.9bn, even as it eyes slimming down its (human) food offerings with a potential sale of its...
...Poul Weihrauch, president of Mars’ global petcare business, said “individualisation” was the industry’s most important trend, as technology and nutrition allowed pets to have “tailor-made diagnostics and...
...Hill’s Pet Nutrition, part of Colgate-Palmolive, last year launched its Crafted range, which includes braised salmon with quinoa....
...“Our in-house vets provide advice on nutrition planning and non-prescription medicines,” he says, educating people how to improve the health of their animals and filling a void in the market....
...If you dream up a new specialism — ethical hacker, pet psychologist, nutrition coach? — you have a chance of finding takers....
...In fact, thanks to better nutrition and veterinary care, even our pets are living longer. But there’s one area where things have not improved quite so dramatically....
...Around 2000, Provimi Holding, a Dutch producer of agricultural fodder, began expanding into pet nutrition, acquiring a string of independent producers in central Europe, Italy and France....
...Picky babies may beg to differ, but infant nutrition is tasty business. Nestlé, looking to swallow Pfizer’s infant nutrition business for up to $10bn, knows this better than most....
...The majority of Cargill’s existing animal nutrition business is “complete feeds” sold as a package to farmers....
...However, Nestlé said it was no newcomer and already had a pet food that holds back Alzheimer’s in dogs....
...Most analysts these days believe Nestlé will pass on L’Oréal to continue focusing on its core food and nutrition business. The French government certainly hopes so. This could be wishful thinking....
...The company has diversified, offering veterinary treatment and nutrition advice in some stores....
...Pet foods and ice cream also suffered....
...Yet the Chinese government’s attitude to the recent scandal is “180 degrees different” from a previous scandal involving melamine contamination in pet food exported to the US in 2007, says Murray Lumpkin...
...Heinz competes in five categories in Europe: ketchup, condiments and sauces, convenience meals, infant nutrition, seafood and frozen....
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