Nestlé Purina PetCare

From Wikipedia, the free encyclopedia
  (Redirected from Chuck Wagon (dog food))
Jump to: navigation, search
This article is about the animal and pet food manufacturer. For the Ralston portion of the now defunct Ralston Purina Company, see Ralcorp.
Nestlé Purina PetCare Company
Type Subsidiary
Industry Pet food
Founded St. Louis, Missouri (1894 as Purina Mills)
Headquarters St. Louis, Missouri,
United States
Area served Worldwide
Key people William H. Danforth, Founder
Products Dog food, cat food, animal health products
Owners Nestlé S.A.
Website www.purina.com

Nestlé Purina PetCare Company is the pet food division of Swiss-based Nestlé S.A., following its acquisition of the American Ralston Purina Company on December 12, 2001, and subsequent merger with Nestlé's Friskies PetCare Company.[1] As a wholly owned subsidiary, it is headquartered at the General Office in St. Louis, Missouri, United States.[2]

History[edit]

Ralston Purina's animal feed business became the subject of an acquisition bid by Swiss-based Nestlé, whose Friskies brand was the other leading U.S. brand of pet food. Nestlé S.A. and Ralston Purina announced in January 2001 a definitive merger agreement.[3] Under the agreement, Nestlé acquired all of Ralston Purina's (NYSE: RAL) outstanding shares for US$ 33.50 per share in cash. The offer represented a premium of 36 percent over the closing price on Friday, January 12, 2001. The transaction had an enterprise value of US$10.3 billion ($10.0 billion equity plus $1.2 billion of net debt, minus $0.9 billion of financial investments).

Both corporations saw this major strategic transaction as the ideal way to benefit from their combined know-how, complementary strengths and international presence in the growing pet-care market. Ever since it acquired the Friskies business with Carnation in 1985, Nestlé has considered pet-care as a strategic growth area, and it has repeatedly strengthened it through acquisitions (Alpo in 1994, Spillers in 1998, and Cargill Argentina in 2000). Several brands of pet food (e.g., "Meow Mix") had to be divested separately to meet antitrust concerns. Purina Mills, Inc., the U.S. animal feed business that was sold by Ralston Purina Company in 1986, was purchased by Koch Industries in 1998, but a U.S. bankruptcy court cancelled out all equity held by Koch in order to maintain the company's viability. Purina Mills LLC is now owned by Land O'Lakes. Purina brands are now made and marketed by a division of Nestlé (Nestlé Purina PetCare) which is still headquartered in St. Louis.

While primarily a pet food company, Ralston Purina also made some other pet-related products, such as Tidy Cats brand and Yesterday's News which is made from recycled newspaper cat litter, purchased from Edward Lowe Industries in 1990. Also, Purina has honoured several Canadian animals every year since 1968 in their Animal Hall of Fame. The latest inductees included a police service dog who "rushed and subdued an armed robber".

Pet food recall[edit]

Main article: 2007 pet food recall

Nestlé Purina PetCare Company announced on March 30, 2007, a precautionary measure to voluntarily withdraw its 5.3 ounce Mighty Dog brand pouch products that were produced by Menu Foods, Inc. from December 3, 2006, through March 14, 2007.[4] This withdrawal was in response to the recall initiated earlier by Menu Foods, a contract manufacturer that does limited business with Purina, as well as with other pet food manufacturers. At that time, only Mighty Dog 5.3 ounce pouch products are being withdrawn by Nestlé Purina; however, on March 31, 2007, the recall was expanded to "all sizes and varieties of its Alpo Prime Cuts in Gravy wet dog food with specific date codes."

To date, nearly 60 million containers of pet food sold under 100 different brand labels have been recalled.[5]

Brands[edit]

Well-known brands include:

See also[edit]

References[edit]

External links[edit]