Private equity selling Alphia to another group, PAI Partners

Alphia works with pet food brands as a co-manufacturer and retailers looking to develop, revise or expand their pet food brands.

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Andrea Gantz

French private equity firm PAI Partners agreed to buy Alphia Inc., a custom manufacturer of superpremium pet food based in the United States, from its owner J.H. Whitney Capital Partners, Reuters’ Abigail Summerville reported. She cited unnamed people familiar with the pet food industry business transaction who said Alphia was valued at approximately US$1 billion, including debt, in the deal. PAI Partners is a private equity firm based in Paris. Alphia is PAI Partners’ second major acquisition in the U.S. The French private equity firm acquired Tropicana from PepsiCo in 2021.

J. H. Whitney Capital Partners (JHW) had owned C.J. Foods since 2014 and acquired Lortscher's Animal Nutrition (now LANI) in 2018.

Alphia works with pet food brands as a co-manufacturer and retailers looking to develop, revise or expand their pet food brands, according to Petfood Industry’s Top Pet Food Companies database. Alphia can produce dry dog and cat food, dog treats, canned dog and cat food and pet bird food. It has the capacity to manufacture more than 1 billion pounds of pet food and treats annually. The company also includes subsidiaries LANI (formerly Lortscher’s Animal Nutrition) and Veracity Logistics. Alphia resulted from the 2020 merger of C.J. Foods and American Nutrition. The combined company employs approximately 1,120 people. Alphia makes a portfolio of pet food and treats. The company has a national footprint of 10 locations across 6 states. The company manufactures more than one billion pounds of dry, canned and baked pet food and treats annually.

Alphia data for 2022

Annual Revenue

US$875,000,000.00

Total Facilities

10

Production Plants

7

Employees

1120

Recent Alphia news

Alphia to make Halo brand superpremium pet foods

Alphia is a portfolio company of J. H. Whitney Capital Partners, a Connecticut, USA-based private-equity firm.

JUNE 22, 2023

 

10 top US-based pet food companies in 2022

Pet food companies based in the United States dominate the ranking in Petfood Industry’s Top Companies Current Data for 2022.

JUNE 26, 2023

 

Alphia may be sold for more than US$1 Bil

Alphia is a portfolio company of J. H. Whitney Capital Partners, a Connecticut, USA-based private-equity firm.

MAY 23, 2023

 

Mergers, acquisitions and other business deals in the pet food industry 2023

Pet food M&A on downturn but deals are picking up

Debbie Phillips-Donaldson

June 22, 2023

This year to date has seen some notable pet food mergers and acquisitions (M&A) — and several more happened just this week — but if you’ve been thinking M&A activity has slowed, you’re correct.

“The pet industry is poised to outperform the broader capital and M&A markets, but macro market conditions will constrain deal volume in total,” wrote Bryan Jaffe, managing director, and John Gulvezan, vice president, of Cascadia Capital in their latest report, “Pet Industry Overview, Spring 2023.” Their data shows pet industry transactions peaked in 2021 at 162 deals, while 2022 ended up with a little more than 100 deals. That’s a 37% decline, which increases to 52% if you take away veterinary service transactions, they wrote.

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