Del Monte to Buy Kraft’s Milk-Bone

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Del Monte Foods Co. announced its second pet food acquisition in just two weeks on Thursday when it said its fully owned unit Del Monte Corp. would buy some of Kraft Foods Global Inc.’s pet food products, including the Milk-Bone brand, for $580 million.


The company said the effective cost of the acquisition will be offset by close to $125 million of future tax benefits which Del Monte expects to achieve as a result of the acquisition.


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