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Oil-Dri to Buy Ultra Pet for $46 Million
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Oil-Dri to Buy Ultra Pet for $46 Million
Apr 16, 2024 2:19 PM

05:01 PM EDT, 04/16/2024 (MT Newswires) -- Oil-Dri (ODC) said Tuesday it has agreed to buy Ultra Pet, a supplier of silica gel-based crystal cat litter, for $46 million in cash.

Oil-Dri said it will finance the deal via a mix of cash-on-hand and credit facilities.

The deal is expected to close in Q4 of fiscal year 2024, the company said.

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