Consumer products manufacturer Colgate-Palmolive announced a deal Monday to purchase three dry pet food manufacturing plants from Red Collar Pet Foods to fuel growth in its Hill’s Pet Nutrition business. The transaction is valued at $700 million.

The facilities in Orangeburg, SC, Clinton, OK, and Washington Court House, OH will produce dry pet food for sale under the Hill’s Science Diet and Prescription Diet brands. 350 workers currently employed at the site’s dry pet food operations are slated to join Hill’s Pet Nutrition.

“Our Hill’s business is growing well, and we continue to invest to expand production capacity, improve our capabilities with initiatives like our new Small Paws Innovation Center, and better engage pet parents, veterinarians and Hill’s retail partners,” Noel Wallace, Chairman, President and Chief Executive Officer of Colgate-Palmolive, said in a release. “This investment will help further strengthen the Hill’s business today and for the long term.”

The sale is subject to regulatory approval and other closing conditions.

Red Collar Pet Foods is a contract and private label manufacturer of dog and cat foods and treats.