(Reuters) -Common Mills stated on Thursday it has entered right into a definitive settlement to amass Whitebridge Pet Manufacturers’ North American premium cat feeding and pet treating enterprise in a transaction valued at $1.45 billion.

Common Mills (NYSE:) stated the deal might additional advance its Speed up technique, with a concentrate on its core markets, international platforms and powerful native manufacturers to drive regular development and top-tier shareholder returns in the long term.

Whitebridge’s enterprise contains the Tiki Pets and Cloud Star portfolio of manufacturers, and its cat feeding and pet treating segments collectively make up $24 billion in retail gross sales.