General Mills Spends $8B On Wilton’s Blue Buffalo

MINNEAPOLIS (AP) — Its sales under pressure with fewer grocery lists including processed foods, General Mills will try to balance its own shift in that direction, and its revenues, with the $8 billion acquisition of Blue Buffalo, a higher end pet food products company.
It’s the first foray into pet foods of any kind for the Minneapolis company, and a potentially lucrative one.
Blue Buffalo Pet Products Inc. had nearly $1.3 billion in net sales last year and General Mills sees consist