An $89 million Procter & Gamble facility that will be built near Dayton will lead to hundreds of new jobs. JobsOhio President John Minor says the Cincinnati-based consumer products company is establishing a distribution center in the city of Union to serve its Midwest customers. He says Ohio was in competition for the center with several other locations in the U.S.
Company officials say the facility will be operating in 2015.
Procter and Gamble says Mars Incorporated has agreed to buy the IAMS, EUKANUBA, and NATURA brands for $2.9 billion in cash.
A release says the companies expect to complete the transaction in the second half of 2014, subject to regulatory approvals. Mars currently owns PEDIGREE, WHISKAS, BANFIELD, and ROYAL CANIN.
Mars Petcare Global President, Todd Lachman, said: “We view the addition of the IAMS, EUKANUBA, and NATURA brands as exceptionally strategic. This acquisition is a perfect fit with our Mars Petcare vision of making a better world for pets."