General Mills dives deeper into the pet business

SILVER SPRING, Md. (AP) — General Mills is diving further into the red-hot pet food market, acquiring Tyson Foods’ animal treat business for $1.2 billion in cash. Best known for Cheerios, Betty Crocker and Pillsbury, General Mills in 2018 entered the pet food business in a big way. Then the pandemic hit, and it fueled the biggest surge of pet adoptions in recent memory.