Skyline Global Partners, a Chicago-based private equity firm, has invested in Cosmo's Superior Foods, a leading private label and contract manufacturer of premium pet treats. The financial terms of the December 2023 transaction were undisclosed.
Cosmo's Superior Foods, based in Indianapolis, IN, specializes in dehydrated and freeze-dried pet treats sourced from the human supply chain, with no additives or preservatives. The company serves as a contract manufacturer and private label partner for well-known pet treat brands across North America. Founded in 2012, Cosmo's plans to expand its facility and double its staff to meet the increasing demand.
The US pet treat market, valued at $11.3 billion in 2022, is projected to grow by 10% through 2026, with a focus on natural, human-grade ingredients. E-commerce is expected to surpass traditional channels by 2027.
The investment from Skyline provided liquidity for shareholders and growth capital for business expansion. Sachin Gupta, partner at Skyline, expressed the firm's attraction to the growing pet treat category and the company's commitment to delivering high-quality products. Cosmo's has already initiated the expansion of its manufacturing facilities and implemented advanced equipment to enhance production efficiency.
Sean Litke, founder & CEO of Cosmo’s, emphasized the company's dedication to meeting growing demand and delivering consistent, high-quality products. The partnership with Skyline is seen as an opportunity for continued success in the dynamic pet treat market.