Transaction Reflects Growing Trend of Consolidation by Major Pet Consumer Packaged Goods Companies
SEATTLE, WA, (Marketwired via COMTEX) — Cascadia Capital, a diversified, boutique investment bank today announced its Consumer Practice advised Zuke’s, LLC (d/b/a Zuke’s) on its sale to Nestle Purina PetCare Company, a subsidiary of Nestle S.A. which closed in late 2013. The transaction reflects increasing interest by major pet product manufacturers in acquiring independent brands that reach a premium customer through the pet specialty channel.
Cascadia’s representation of Zuke’s is the latest in a line of advisory assignments for the firm in the pet industry. The firm has closed three transactions involving pet companies in the last twelve months and has several active engagements in the space.