Walmart says the change, which includes its U.S. food private brands such as Great Value, Marketside, Freshness Guaranteed and bettergoods, is in line with evolving customer preferences.
Additionally, in response to the recent fires in the Los Angeles area, Cascade Milling donated nearly 8 tons of its Just-Add-Water Organic Pancake & Waffle Mix to the Los Angeles Regional Food Bank.
The all-cash transaction is valued at approximately $40 million, subject to a working-capital adjustment, and includes relevant trademarks and licenses and the company’s manufacturing facility in Chicago.