M&A Deal Summary

Nestlé Purina PetCare Acquires Red Collar Pet

On February 7, 2023, Nestlé Purina PetCare acquired food company Red Collar Pet from Arbor Investments

Acquisition Highlights
  • This is Nestlé Purina PetCare’s 4th transaction in the Food sector.
  • This is Nestlé Purina PetCare’s 4th transaction in the United States.
  • This is Nestlé Purina PetCare’s 1st transaction in Tennessee.

M&A Deal Summary
Date 2023-02-07
Target Red Collar Pet
Sector Food
Buyer(s) Nestlé Purina PetCare
Sellers(s) Arbor Investments
Deal Type Add-on Acquisition

Target

Red Collar Pet

Franklin, Tennessee, United States
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.

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Buyer(S) 1

Buyer

Nestlé Purina PetCare

St. Louis, Missouri, United States
Category Company
Sector Food
Revenue 11.2B USD (2013)
DESCRIPTION
Nestlé Purina's corporate headquarters in St. Louis, Missouri.
Nestlé Purina's corporate headquarters in St. Louis, Missouri.

Nestlé Purina Petcare is a producer of pet food, treats and litter. Brands include Purina Pro Plan, Purina Dog Chow, Friskies, Beneful and Purina ONE.

DEAL STATS #
Overall 6 of 6
Sector (Food) 4 of 4
Type (Add-on Acquisition) 5 of 5
State (Tennessee) 1 of 1
Country (United States) 4 of 4
Year (2023) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-01 Lily s Kitchen

London, United Kingdom

Lily's Kitchen Ltd. produces high quality, healthy, natural food for dogs and cats – wholesome recipes like Homestyle Chicken and Turkey Casserole, Super Food Snack Bars and Breakfast Crunch. Lily’s Kitchen was founded in November 2008 and is based in London.

Buy -

Seller(S) 1

SELLER

Arbor Investments

Chicago, Illinois, United States

Investor Investor Investor Investor

Category Private Equity Firm
Founded 1999
PE ASSETS 2.6B USD
Size Large
Type Sector Focused
DESCRIPTION

Arbor Investments is a private equity group focused on acquiring profitable, middle-market companies in the food and beverage sector. Arbor considers all areas surrounding the food/beverage and related industries. Specific areas of interest include regional niche branded food products; vegetable, fruit, meat and dairy processors; ethnic food manufacturers and marketers; flavors and ingredients; baked goods; restaurant chains; co-packers for major retailers, foodservice companies; food packaging; grocery and specialty food retailers; and logistics providers to the food and beverage industries. Prospective companies generally lead their markets and are 'low-cost operators' with predictable cash-flows. Arbor Investments was formed in 1999 and has offices in Chicago, New York, and Atlanta.

DEAL STATS #
Overall 30 of 32
Sector (Food) 16 of 17
Type (Add-on Acquisition) 17 of 18
State (Tennessee) 1 of 1
Country (United States) 29 of 31
Year (2023) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-12-15 Oregon Freeze Dry

Albany, Oregon, United States

Oregon Freeze Dry is a freeze-dried foods company. The Company's freeze-dried ingredients are key components in the products of some of America’s largest food companies. OFD private label lines include such products as lunch and dinner entrees for the Nutri/System weight-loss program. Oregon Freeze Dry was founded in 1963 and is based in Albany, Oregon.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-05-24 DPI Specialty Foods

Ontario, California, United States

DPI Specialty Foods is food distributor that sells gourmet, ethnic, organic and better-for-you foods to national, regional and independent retailers, quick service restaurants and foodservice operators through eight distribution centers across the United States. DPI Specialty Foods was founded in 1963 and is based in Ontario, California.

Sell -
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