A roundup of pet industry mergers and acquisitions news ending in 2021

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KANSAS CITY, MO. — From September to December 2021, suppliers, manufacturers and retailers of pet food and treats were busy meeting their targets. Whether the goal was to expand capabilities, product offerings, international reach, or carve out more territory, this market was booming with mergers and acquisitions.

For four short months, 25 mergers and acquisitions were announced; 11 by industry suppliers, 11 by manufacturers and three by retailers. Pet food processing has compiled this M&A news to provide an overview of M&A in the industry from September 2021 until the end of the year.

Manufacturers

September 10, Manne Pro products announced that it had acquired Dinovite, Inc., an e-commerce platform selling premium supplements and other wellness products for dogs and cats. Dinovite has added to Manna Pro’s growing portfolio of online pet businesses, which includes bullymake and ZuPreem added in 2020.

AAU Private Equity Partners announced on September 15 its pet care and supply subsidiary, Westminster Pet Products, LLC, had fully acquired Pet Ventures Inc. dba Pet ‘n Shape, an emerging brand of pet treats and chews. Pet ‘n Shape is a direct-to-consumer e-commerce brand through its own website and Chewy.com.

September 15 Petmate, an Arlington, Texas-based maker of pet treats and products, was acquired by Platinum Stocks. Petmate’s portfolio includes brands such as Chuckit!®, Pet Qwerks®, Healthy Chews™, Gamma2®, JW® and La-Z-Boy®.

Cosmic Familiar, a developer and distributor of pet treats and accessories, was acquired by Platinum Stocks October 25. The company was then combined with Petmate, which Platinum Equity previously acquired in September 2021.

October 27, united pet food, a Belgian private label manufacturer, has acquired Teeling pet food. The acquisition added Teeling’s two manufacturing plants to United Petfood’s network, bringing its total facilities to 19 in eight European countries.

Private equity firm Alpine investors launched an omnichannel platform focused on pets, Antelope, and on November 22 acquired Bocce Bakery. Antelope shared that Bocce’s Bakery will continue operations under its own name.

November 29, Archer Daniels Midland (SMA) announced that it has completed its acquisition of Sojaprotein, a leading European supplier of non-GMO soy ingredients with sales in 65 countries. The addition of Sojaprotein to ADM’s portfolio is the latest significant investment as the company continues to expand its protein portfolio.

the JM Smucker Co., a food maker, announced Dec. 1 that it had sold its private label dry pet food business to Diamond Pet Foods, Inc. for about $33 million. The JM Smucker Co. has assured that the sale will not affect any of its other products or its private label wet pet food business.

December 3 Inspired animal nutrition, a British manufacturer of pet food and treats, has announced its intention to acquire UK pet food of its former founders and owner Piper PE LLP. Acquired by CapVest Partners in 2020, Inspired Pet Nutrition has announced new plans for international expansion through this acquisition.

Swedish company Voff Premium Pet Food has announced the acquisition of AniForte, a producer of natural supplements for pets distributing throughout Europe, on December 14. Since its inception in 2014, Voff has acquired six pet food companies, ranging from meat and frozen foods to treats, chews and supplements.

ADM announced on December 22 that it had finalized its acquisition of Invivo Sanpo, a pet nutrition company based in Tianjin, China. Invivo Sanpo was created in 2017 as a joint venture between ADM and Tianjin Jinkangbao. ADM purchased the remaining 40% stake from Invivo Sanpo, giving it full ownership of the business.

Suppliers

Uniblock pump announced on September 8 that it had acquired Flotronic Pumps, a UK-based manufacturer of specialist air-operated double diaphragm (AODD) pumps and accessories. Chris Stevens, CEO of Unibloc, has joined the management team of Flotronic, which will continue to operate under its own name.

To strengthen the company’s position in the market for gluten-free ground cereals, Ardent Mills LLC on September 27, announced that it had entered into an agreement to acquire all of the assets of Firebird Craft Mills. On December 7, Ardent Mills disclosed that it had successfully completed the acquisition and would continue to integrate Firebird Artisan Mills products to bolster its gluten-free milling capabilities.

October 13 Givaudan announced its intention to acquire DDW, the house of colors, a supplier of natural colorants to the food and beverage industry, including pet food manufacturers. The acquisition was part of Givaudan’s 2025 strategy to expand its portfolio, and on December 10, the company announced that the acquisition was complete.

Following its merger with NiceLabel in January 2021, loftware on October 13 launched a new unified brand combining the two companies’ now integrated capabilities and offerings as a complete labeling solutions provider. Loftware has announced new plans to launch a combined website and new brand identity with NiceLabel.

October 21 Wayne Farms LLC has reached an agreement to sell the Laurel, Miss., poultry production complex to Batesburg, SC Amick Farms, which is a subsidiary of OSI Group. Amick Farms agreed to acquire the complex immediately, including live production, hatchery, feed mill, manufacturing and production facilities located in Laurel.

ADM expanded its health and wellness portfolio by acquiring Deerland Probiotics and Enzymes November 4. With the addition of Deerland, ADM said its annualized health and wellness revenue will exceed $500 million.

November 9, 3D Enterprise Solutions, operating under the ownership of Olympus Partners, acquired LinkOne Marine Solutions. 3D Corporate Solutions manufactures specialty proteins and fats for the pet food industry, and the addition of LinkOne Marine Solutions has expanded the company’s protein portfolio.

In December Distributors of D&D Ingredients, Inc. was acquired by the Swanson family of companies, a Turlock, Calif.-based organization that also owns Associated Feed, Nutrius, and Virtus Nutrition. As part of the acquisition, D&D Ingredient Distributors changed its name to D&D Ingredients LLC and continuing operations with its own management team.

Flexible packaging manager ProAmpac announced on December 20 that it had acquired Prairie States Group (PSG), a flexible packaging and labeling provider based in Franklin Park, Illinois. PSG’s founders and management team remained with the company after the acquisition.

December 28 Darling Ingredients Inc. announced that it had reached an agreement with Valley Proteins, Inc., to acquire all of the shares of the company for approximately $1.1 billion in cash. The deal is still pending closing conditions.

Based in Denmark Oterra announced on December 29 that it had finalized its acquisition of Diana Food’s color business from Symrise AG. The transaction was first announced in September. The acquisition now gives Oterra a total of 10 production sites across Europe.

Retailers

Dane Creek Capital Corp. on October 22 acquired West Pets & Supplies Ltd., a specialty pet retailer based on Vancouver Island, British Columbia, through its majority-owned subsidiary, United Raw Pet Foods. Dane Creek acquired Pets West for approximately half of the retailer’s expected revenue for the current fiscal year ending January 31, 2021. Following the acquisition, Dane Creek announced plans to expand the frozen pet food section retailer’s company.

On October 27, a bidding war for Zooplus AG, a European leader in online pet products, has been resolved between Hellman and Friedman and EQT Private Equity. The two companies have partnered to jointly acquire Zooplus for approximately €480 per share and announced that EQT will act as joint controlling partner with Hellman & Friedman.

Familiar EarthWise announced at the end of November its acquisition of 18 Pet Benefits stores in Washington, expanding its network in the United States to 151 retail stores. Earthwise revealed that it will continue to seek additional purchases and partnerships to expand its reach in the United States.

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