The company better known for its candy brands already owns pet care brands such as Pedigree, Whiskas, Banfield and Royal Canin.
Procter & Gamble Co. says it is exiting the pet care category as part of its strategy to concentrate on its core businesses.
The transaction excludes mostly European Union countries. P&G says it’s developing alternate plans to sell its pet care business in those markets.
The deal is targeted to close during the second half of the year.
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