Global private equity firm HIG Capital (HIG) has closed the sale of Pet Food Holdings, the parent company of Pro-Pet LLC, to Cargill, Inc.
Formed in 1996 and headquartered in Kansas City, KS, Pro-Pet specialises in the manufacturing of premium and super-premium, private label dry dog and cat food for distribution domestically and around the world. The Company maintains relationships with several leading retailers that are interested in a high quality, secure source for private label pet food, most often sold under brand names owned by the retailers.
“During the course of our involvement, Pro-Pet has invested significant capital into its facilities and processes to be able to provide its customers with the full range of dry extruded food products. Becoming a part of such a respected, well capitalised organisation like Cargill is a fantastic outcome for the Company’s employees, customers, and suppliers, and Pro-Pet’s facilities and knowledge base will provide Cargill with a great platform to grow its business in this category,” says Todd Ofenloch, Managing Director at HIG.
“HIG helped us in providing both strategic guidance and capital required to transition to a market leader in super premium pet food manufacturing. The HIG team brought to bear the resources that will allow Pro-Pet to continue to provide the highest level of quality and consistency to its current and future customers,” says Jim Wiegmann, CEO of Pro-Pet.
