PET FOOD DEALS: June 2018
PET FOOD DEALS
Shortly after acquiring Great Life Pet Food and Wild Calling! Pet Foods, Barkstrong LLC completed the purchase of Pioneer Naturals dog food in June. Pioneer Naturals is a kibble brand that is U.S. sourced and cooked at the lowest possible safe temperature to preserve nutrients, which include probiotics, flax, and fish oils. Great Life products address food allergies, sensitivities, and digestive ailments; and Wild Calling! canned dog and cat food is free-range and grain-free.
Dane Creek Capital Corp. acquired Spring Meadows Natural Pet Food, a manufacturer of frozen raw pet food for dogs and cats, in an all cash transaction. Spring Meadows sells via pet specialty retailers, mainly in western Canada. The purchase, at 0.72 times trailing 12-months revenue, marked Dane Creek’s fourth acquisition of a Canadian raw pet food manufacturer in the last 12 months.
Manna Pro Products LLC, a manufacturer of animal nutrition and care products, purchased Vetscience LLC and its Fruitables brand of premium natural dog treats and supplements. Fruitables grew out of university research into pet obesity using low-calorie pumpkin as a fortified food supplement.
Nulo Pet Food, a premium pet food brand, received a strategic growth investment from Main Post Partners. Nulo’s recipes are high in meat protein, grain-free, have low glycemic carbohydrates, and contain a patented probiotic for immune and digestive health.
Rover.com, a network of pet sitters and dog walkers, announced an investment of $125 million led by T. Rowe Price Associates and the closing of a $30 million credit facility with Silicon Valley Bank. Other key investors include Winslow Capital and Cross Creek. The company’s network of sitters and walkers now numbers over 200,000 throughout North America.
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