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Pet Food News
On May 28, 2013

UK petfood manufacturer granted funding for expansion

MPM Products receives £10 million (US$ 15.1 million) funding package from HSBC

MPM Products was granted a £10 million (US$ 15.1 million) funding package from HSBC for significant expansion over the next two years.

The manufacturer of premium dog and cat foods intends to use the development capital to expand its footprint in the petfood markets in the UK and overseas. The funding package, part of HSBC’s £5 billion (US$7.5 billion) International SME Fund, will be used to fund a product development program and geographical expansion.

James Bracewell, MPM ’s financial director, said, “This funding package will enable us to ramp up our growth strategy and ultimately allow us to achieve our mission – to feed as many dogs and cats as we can, wherever they are.”

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May 2015

The May 2015 issue of Petfood Industry focuses on the expanding pet food company, Pipeline Pet Products, and how new product development is helping the company to grow in the US market. Also, learn about emerging pet food markets like Asia-Pacific as expenditures on pet products continue to grow. And as specialty pet foods continue to grow in all markets, products claiming “natural” or “organic” status are climbing to the top of consumers’ lists.

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