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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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April 2015

The April 2015 issue of Petfood Industry looks at different pet food markets around the world. Read about Sojos, a US company which aims to transform the lives of pets through raw pet food. As these specialized diets become increasingly popular in the dog and cat food markets, learn how such trends are carrying over into bird and small animal food. Plus, see how pet food companies in Russia are reacting and reconsidering production strategies in the wake of rising prices due to exchange rate fluctuations.

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