M&A Deal Summary

Colgate-Palmolive Acquires Kibble Pet Food Manufacturing Business

On September 30, 2022, Colgate-Palmolive acquired food company Kibble Pet Food Manufacturing Business from Red Collar Pet for 775M USD

Acquisition Highlights
  • This is Colgate-Palmolive’s 1st transaction in the Food sector.
  • This is Colgate-Palmolive’s 2nd largest (disclosed) transaction.
  • This is Colgate-Palmolive’s 6th transaction in the United States.
  • This is Colgate-Palmolive’s 1st transaction in South Carolina.

M&A Deal Summary
Date 2022-09-30
Target Kibble Pet Food Manufacturing Business
Sector Food
Buyer(s) Colgate-Palmolive
Sellers(s) Red Collar Pet
Deal Type Divestiture
Deal Value 775M USD

Target

Kibble Pet Food Manufacturing Business

Orangeburg, South Carolina, United States
Red Collar Pet Foods' Kibble Pet Food Manufacturing Business comprises dry kibble manufacturing plants located in Orangeburg, South Carolina, Clinton, Oklahoma, and Washington Court House, Ohio, as well as related finished goods and raw material inventories.

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Buyer(S) 1

Buyer

Colgate-Palmolive

New York, New York, United States
Category Company
Founded 1806
Sector Consumer Products
Employees34,000
Revenue 19.5B USD (2023)
DESCRIPTION

Colgate-Palmolive is a consumer products company that operates in two product segments: Oral, Personal and Home Care; and Pet Nutrition. The Company's Oral Care segment markets toothpaste and manual toothbrush brands including Colgate Total, Colgate Sensitive Pro-Relief, Colgate Max Fresh, Colgate Optic White and Colgate Luminous White toothpastes, Colgate 360° and Colgate Slim Soft manual toothbrushes and Colgate Optic White, Colgate Total and Colgate Plax mouthwash. Colgate’s Oral Care business also includes pharmaceutical products for dentists and other oral health professionals. In the Personal Care market, Colgate produces liquid hand soap, which it sells under the Palmolive, Protex and Softsoap brands. Colgate’s Personal Care products also include Palmolive, Sanex and Softsoap brand shower gels, Palmolive, Irish Spring and Protex bar soaps and Speed Stick, Lady Speed Stick and Sanex deodorants and antiperspirants. Colgate-Palmolive was incorporated in 1806 and is based in New York City.

DEAL STATS #
Overall 8 of 8
Sector (Food) 1 of 1
Type (Divestiture) 2 of 2
State (South Carolina) 1 of 1
Country (United States) 6 of 6
Year (2022) 1 of 1
Size (of disclosed) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-23 Hello Products

Montclair, New Jersey, United States

Hello Products is an oral care brand. Hello Products is based in Montclair, New Jersey.

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Seller(S) 1

SELLER

Red Collar Pet

Franklin, Tennessee, United States
Category Company
Founded 2018
Sector Food
DESCRIPTION

Red Collar Pet is a manufacturer of premium and mainstream private label and contract pet food and treat products. Red Collar Pet was founded in 2018 and is based in Franklin, Tennessee.

DEAL STATS #
Overall 1 of 1
Sector (Food) 1 of 1
Type (Divestiture) 1 of 1
State (South Carolina) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-21 Hampshire Pet Products

Joplin, Missouri, United States

Hampshire Pet Products LLC is a provider of baked and cold formed pet products and co-manufacturer of several branded pet treats. Hampshire Pet Products LLC was founded in 2001 and is based in Joplin, Missouri.

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