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Nestle's Purina PetCare portfolio expands
NEW YORK VMG Partners has sold dog treats maker Waggin' Train to Nestle's Purina PetCare.
The Waggin’ Train snacks business will be a subsidiary of Nestle Purina PetCare in the United States. Financial terms were not disclosed, although some reports have claimed the deal is priced at about $450 million. Waggin’ Train had sales of around $200 million for the 12 months ended in June.