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In 1987 the Federal Trade Commission said it had approved the $25 million acquisition of the Jim Dandy Company, an Atlanta-based dog food maker, by Grand Met USA Inc., a subsidiary of London-based Grand Metropolitan P.L.C.

F.T.C. approval of the takeover was required under a 1978 order settling charges against Liggett & Meyers Inc.

Grand Met, which also owns Alpo Pet Foods Inc., is bound by the 1978 order because of its 1983 acquisition of Liggett & Meyers. So Jim Dandy was bought out by Alpo.

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