Phillips Pet Food & Supplies is reportedly in talks with potential buyers to sell the distribution company in a deal that could be worth nearly US$600 million.
The family owned company recently hired Harris Williams to seek out buyers, according to sources. The company, based in Easton, Pennsylvania, USA, has nearly US$60 million in annual earnings before tax, interest, depreciation and amortization, and may be looking to sell the company for an amount 10 times its annual earnings.
The company builds on its boutique business with three new lines for pet stores, including baked dog food and treats
Aunt Jeni's Home Made promotes the health and longevity
of pets with their natural and raw lines of products
Petfood companies who promote their support of causes in their marketing campaigns are staying innovative in these uncertain times
Public meetings invited comments and provided updates
The mid-year meeting addressed several regulatory matters affecting petfoods
It gives more direct control to CVM in establishing and maintaining ingredient definitions
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