The companies did not release the deal's exact terms, but said the transaction was between US$10 million and US$30 million, BMO Bank of Montreal provided debt financing and that management retained equity stakes.
Imperial targeted pet treats after finding it to be an attractive subsector in the market and was presented with Petra Pet by a BMO banker.
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A new year brings new opportunities and excitement, and 2023 is bound to be the same, with several chances for advancing policy issues of importance to the U.S. animal food industry.
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