The company detailed plans for its pet food segment at the Consumer Analyst Group of New York conference.

Post Holdings will enter the pet food space through the acquisition.

The merger is expected to close during the fourth quarter of 2023.

Brian Sikes will become president and chief executive of the company on Jan. 1.

The company has entered an agreement to acquire Firmenich, a fragrance and flavor producer.

According to the FDA’s Center for Veterinary Medicine, pets could also be at risk of foodborne illnesses if fed Jif.

Supply chain challenges adversely affected segment profit in the second quarter.

Last year, DDW reported approximately $140 in sales.

As part of parent company Mars, Incorporated’s plans to achieve net zero greenhouse gas emissions (GHG) across its entire supply chain by 2050.

The company will invest $1.3 billion over the next five years to support this effort.