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Which is the better buy between these two pet stocks?
Freshpet was founded in Secaucus, New Jersey, in 2006 by Scott Morris, Cathal Walsh, and John Phelps, former pet food executives. [6] [7] It opened a factory in Quakertown, Pennsylvania, in 2006; [8] [9] and another in Bethlehem, Pennsylvania in 2013. [4] Freshpet went public on the NASDAQ in November 2014, raising $164 million in its IPO.
Simmons Foods was founded in 1949 by founder M.H. Bill Simmons, [3] their current CEO is his grandson Todd Simmons. [4]The company was incorporated in 1984. [4]In August 2010, the Simmons Pet Food division bought out Menu Foods for $239 million.
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Freshpet dog food is being recalled due to potential salmonella contamination. It is sold at Walmart, Target and other retailers in 12 states and Puerto Rico.
In 2011, UK retailer Wm Morrison bought a 10% stake in the company in order to learn about online shopping and launch its long-awaited online shopping service in the UK. [27] Using the investment to gain access to FreshDirect's operations, Morrisons reported in 2013 that it had "learned a lot about the economics of picking and delivery of food ...
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