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.