Private-equity firm Kinderhook Industries LLC sold the parent and operating companies of Absorption Corp., an American manufacturer of cellulose-based absorbent products for pets, to manufacturing company J. Rettenmaier & SÃ¶hne Group.
Absorption Corp., a company of Kinderhook since 2010, includes the pet care brands CareFRESH, Healthy Pet and CritterCare. JRS, a manufacturer of pet care products like litter and bedding, will use Absorption Corp. as a platform for consumer products growth in North America.
While cat trends continue, the pandemic has added to overall slow-growth treatment of the cat food market.
Premiumization and humanization, as well as automation, fueled continued operation growth in spite of the COVID-19 pandemic.