Platinum Equity has acquired Petmate, a maker of pet products sold through a wide range of retail partners.
Headquartered in Arlington, Texas, Petmate manufactures, sources and markets a diverse product line that includes plastic and wire pet kennels, dog houses, toys, food storage, bedding, treats and chews, and other pet-related products and accessories.
“Petmate has been a leading innovator in pet products for more than 60 years and has an outstanding portfolio of respected brands,” said Platinum Equity managing director Adam Cooper. “The U.S. pet market has grown steadily for the past 20 years and the secular trends driving it are expected to continue. The company’s vertically integrated manufacturing capabilities and domestic footprint help ensure an efficient and reliable supply chain, which is more important than ever in today’s environment.”
Source: Mergers&Acquisitions
By John Melendez
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