New Zealand-based Natural Pet Food Group has been acquired by US private-equity major KKR.
New York s KKR said it plans to support the company s growth domestically and overseas. The financial details of the deal were not disclosed.
Christchurch-based Natural Pet Food said the deal will advance its mission to supply safe, sustainably sourced high-meat pet food from New Zealand to more customers and their pets worldwide .
Natural Pet Food owns premium dog- and cat-food brands K9 Natural, Feline Natural, and Meat Mates. The company says its pet food is produced from ethically-sourced ingredients , such as grass-fed and meat and cage-free chicken.
KKR acquires New Zealand’s Natural Pet Food Group through Asian fund
Photo: Fernando Jorge/ Unsplash.com
May 3, 2021
Private equity giant KKR & Co announced that it has acquired New Zealand-based premium pet food company Natural Pet Food Group for an undisclosed amount.
The acquisition will be funded by KKR Asian Fund IV, the PE firm’s $15-billion Asia-focused buyout fund.
Natural Pet Food Group CEO Neil Hinton said the acquisition will allow the company to grow internationally, develop new products, and take its brands to new customers and new markets.
Launched in 2006, the company sells pet food through its dog and cat brands K9 Natural, Feline Natural, and Meat Mates. The company’s pet food is produced from grass-fed and free-range meat, cage-free chicken, and sustainable seafood.