Global private equity firm HIG Capital has acquired a majority interest in ProPet, a specialist in the manufacturing of premium and super-premium, private label dry pet food for distribution domestically and around the world.
Based in St Marys, Ohio, and with additional operating facilities in Kansas City, Kansas and Owatonna, Minnesota, ProPet maintains relationships with numerous leading retailers that are interested in a high quality, secure source for private label pet food.
HIG teamed with the ProPet’s senior management, led by President and Chief Executive Officer, Mike Wright, to complete the recapitalisation. Land O’ Lakes, an owner of Pro-Pet since its inception, will maintain a minority position in the Company alongside HIG and senior management.
“We are very pleased with HIG’s support of our business and will benefit from their commitment to suppor our strategic initiatives,” says Wright. “With HIG’s backing and expertise, we will be well positioned to take advantage of growth opportunities and to better serve our customers in the private label pet food market.”
