KKR's Del Monte Dips Toe In M&A Pool With Pet Food Deal

Law360, New York (May 23, 2013, 3:32 PM EDT) -- Del Monte Corp. said Thursday it will acquire Natural Balance Pet Foods Inc., expanding its long list of pet brands and wading into M&A waters for the first time since a heavily litigated $5.3 billion buyout by KKR & Co. LP in 2011.

Natural Balance will join Del Monte's dog and cat food line, which already includes Milk-Bone, Kibbles 'n Bits and Meow Mix. The company, best known for its canned fruits and vegetables, has amassed one of the biggest collections of independent pet brands in...
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