This is the first case since 2004
AFIA said the initiative aims to strengthen market access for American animal food products in regions where demand for pet nutrition continues to grow.
Mars has indicated it is exploring opportunities aligned with its long-term strategy.
The transition is part of a structured succession plan, with some responsibilities shifting from David Faith, who currently holds the dual roles of president and chairman of the board.
PFI said the funding will be used to drive market development activities that promote U.S. pet food in key global regions
Dismantling is scheduled to begin on April 20 and is expected to take up to 12 weeks
In a separate development, AgroPlantae has acquired Kemin Industries’ crop technologies portfolio, expanding its offerings in plant nutrition and biological crop protection.
The collaboration brings together Symrise’s global pet food ingredients portfolio and Bond Pet Foods’ fermentation platform to support next-generation protein innovation in the sector.
The products are free from artificial colours and flavours
The plant was originally slated to open in 2023, but contractor issues and the COVID-19 pandemic delayed construction.