Colgate-Palmolive Company is investing heavily in three U.S. manufacturing facilities to support and grow its Hill’s Pet Nutrition unit. Hills accounts for a fifth of Colgate’s revenue and over the past 12 months has driven about 70 percent of its growth.
Source: Bloomberg, August 23, 2022. Link. The success of the Hill’s revamp will hinge on its ability to compete in the $50 billion U.S. pet food and treats category. The category grew 14 percent in 2021, according to the American Pet Products Association.