Cargill to acquire Pet Carousel
Deal expected to broaden scope of both businesses
Cargill announced February 10, 2014, that it is acquiring Sanger, California, US-based Pet Carousel, a private company formed in 2003 that produces branded and private label pet treats and chews. The transaction is expected to close on, or about, February 28, 2014. Terms of the acquisition were not disclosed. Pet Carousel is part of the pet treat and chew category that generates approximately $1.4 billion in annual US sales.
Viewed as an investment that complements Cargill's existing California distribution and beef processing businesses, Pet Carousel is an established company with a national reach and is positioned as a provider of all-natural pet products made from high-quality, USDA-inspected, US raw materials. Pet Carousel will benefit from Cargill's nationwide distribution capabilities and raw material supplies from the company's US beef, pork and turkey processing facilities.
In addition to a product line that includes private label brands, Pet Carousel produces and markets Roper brand cotton blend chew ropes, Choo Hooves brand natural bones and chews, as well as a line of natural white meat chicken and turkey jerky, and sweet potato and vegetable chews.
Additional synergies will result in more environmentally responsible products that do not require international transport from various points around the world.
Pet Carousel's 36,000-square-foot facility in Sanger, employing 25 full-time employees, will continue to produce the company's line of pet treats and chews with increased investment for innovation and new products.