- Woof woof: The J.M. Smucker Company has completed its purchase of Big Heart Pet Brands — a cash and stock transaction at around $6 billion, including about $2.5 billion in net debt paid by Smucker at the deal's closing.
- Dave West, president and CEO of Big Heart Pet Brands, will be going to Smucker as an executive officer, the president of Big Heart Pet Food and Snacks, as well as earning a board of directors slot.
- This deal was initially announced early last month.
"We are excited to have completed this transaction, which provides the company an immediate and significant presence in the large and growing pet food and snacks category," according to Richard Smucker, Smucker's CEO, in a news release.