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LOS ANGELES–(BUSINESS WIRE)–Butterfly, a Los Angeles-based private equity firm specializing in the food sector, today announced its entry into a definitive agreement to acquire Milk Specialties Global (“Milk Specialties” or the “Company”), a leader in human and animal nutrition, from affiliates of American Securities LLC. Founded in 1949 and based […]
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| Getty Images Key takeaways Chewy turned a profit for the first time in the third quarter of 2022. Net sales increased 14.5% year-over-year to $2.53 billion. It plans to roll out a pet insurance option and a private-label wellness brand in 2023. Chewy is a company for pet owners […]
MINNEAPOLIS — Brian Sikes will become president and chief executive officer of Cargill on Jan. 1, 2023. He will replace Dave MacLennan, who will become executive chair of the board. Sikes has been with the company for 31 years and currently serves as Cargill’s chief operating officer. He has held […]