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Let's talk about Functional Proteins and their application in petfood at the Petfood Forum in Kansas!

The manufacturing industry is facing a harrowing labor landscape, and it's critical that #petfood and #rendering professionals address workforce shortages and skill gaps now to avoid a "dumpster fire" in the not-too-distant future, said Jennifer Martin of Colorado State University at today's Pet Food Alliance meeting. #petfoodindustry

Petfood Forum 2024 begins on April 29th! Join us to learn more about the pet food industry's latest innovations and trends. Network with industry leaders, discover new pet food handling technologies, and connect with industry leaders. This is an excellent opportunity to learn more about GK's pet food handling equipment. We can't wait to see you there! #PetFoodForum

Meow! General Mills announced this morning that it intends to acquire Whitebridge Pet Brands for $1.45B (4.5x revenue). This builds upon the 2018 acquisition of Blue Buffalo for $8B (6.5x revenue). This looks like a smart move on several fronts: - Consistent with the “shrink to grow” portfolio shaping trend.?The sale of low-growth Yogurt for $2.1B (1.5x revenue) and the acquisition of faster-growing Whitebridge for $1.45B (4.5x revenue) are close enough in size and timing to call it a swap. General Mills nets ~$1B less revenue but gains a more synergistic, growth-focused portfolio. - Synergy opportunities.?The technology to extrude pet food and snacks isn’t vastly different from cereal, and General Mills’ broad customer reach offers significant distribution expansion opportunities. This is their fifth pet acquisition since 2018, so they’re steadily building expertise and reach within the category. - Adapting to changing population dynamics.?If your business model depends on feeding more humans, you’re in trouble. Around the world, people are having fewer children, but many are offsetting this by adding more pets. Expanding in pet food gives General Mills access to a growing market to help counterbalance the population headwinds. While performance in General Mills’ Pet segment has been challenging recently, the 4.5x multiple reflects the company’s commitment to the segment and its belief in long-term growth potential. https://lnkd.in/edg2ECTn #strategy #CPG #FMCG #M&A #leadership #innovation

Pet Food Processing Exchange will provide #petfood professionals with valuable insights from various experts and leaders across the industry. This includes Jeremy Couture of Nestlé Purina North America, who will take the stage to discuss the latest trends in #petfoodindustry. Learn more about Pet Food Processing Exchange and register here: https://ow.ly/EhyR50Ss2gR #PFPExchange #petfood #PFPE2024

Pet Food Processing Exchange will provide #petfood professionals with valuable insights from various experts and leaders across the industry. This includes Scott Krebs of Wenger Manufacturing, LLC, who will take the stage to discuss the state of the #petfoodindustry. Learn more about Pet Food Processing Exchange and register here: https://ow.ly/Mr1J50PB0qZ?#PFPExchange #petfood #PFPE2024

Pet Food Processing Exchange will provide #petfood professionals with valuable insights from various experts and leaders across the industry. This includes Andrea Binder of NielsenIQ, who will take the stage to discuss how processors can utilize market research to fuel business growth. Learn more about Pet Food Processing Exchange and register here: https://ow.ly/16yc50SWiw6 #PFPExchange #petfoodindustry #PFPE2024

Are you interested in the Pet Food industry? Check out our upcoming webinar with Gain.pro regional Head of Private Equity Intelligence, Matthijs Campman. We dive deep into the reasons why this industry is attractive to investors, including: ?? Opportunities in higher-margin premium pet food ?? Ongoing shift towards fresh pet food ?? Opportunities to cross-sell higher-margin products ?? When: 15:00 - 15:30 CET, October 21st ?? Register here: https://okt.to/dzpkxX #webinar #petfood #privateequity #industryinsights

…And some more unique ingredients of #success & #crises in one #petfood formula are to be shared at mentioned event from Kormotech Global ??????