Arlington, TX-based pet products manufacturer Petmate was purchased by global investment firm Platinum Equity for undisclosed terms, a recent company release announced. The company manufactures and sources plastic and wire pet kennels, treats and chews, dog houses, toys, and other products and accessories.
“Petmate has been a leading innovator in pet products for more than 60 years and has an outstanding portfolio of respected brands,” Adam Cooper, managing director at Platinum Equity, said in a statement. “The US pet market has grown steadily for the past 20 years and the secular trends driving it are expected to continue. The company’s vertically integrated manufacturing capabilities and domestic footprint help ensure an efficient and reliable supply chain, which is more important than ever in today’s environment.”
The company’s products, including the Chuckit!, Healthy Chews, and La-Z-Boy brands, are sold at big box pet retail stores, farm and ag stores, specialty pet stores, and through major e-commerce retailers and mass merchandisers.
“The pet industry in general and Petmate specifically are extremely well positioned for success,” said Alice Tillett, CEO of Petmate, in the release. “With the support of Platinum Equity and a strong core team at Petmate, we are confident and energized to enter our next phase of growth.”
Platinum Equity said it will utilize its merger and acquisitions resources to help Petmate expand.