Olympus Partners Acquires Petmate
Olympus Partners has acquired Petmate Holdings Co. (“Petmate”), a supplier of a wide variety of non-food pet products to leading retailers. The Company’s diverse product line includes crates and carriers, outdoor shelters, feeding and watering products and a wide selection of innovative toys. The Company’s portfolio of branded toys and licensed products includes ChuckIt!, JW Pet and Jackson Galaxy which lead the industry in innovative interactive products. Petmate serves the market through a multi-channel approach that includes big box pet retailers, mass merchandisers, major e-commerce retailers, farm and agriculture stores and specialty pet stores. The Company designs, manufactures and distributes its diverse product offering from its facility in Arlington, Texas.
“Petmate is a highly attractive platform in the pet industry that is well-positioned to capitalize on the industry’s growth through multiple sales channels,” said Paul Rubin, partner at Olympus. Dave Cardenas, partner at Olympus, added, “We are excited to invest in the company and look forward to working alongside Alice Tillett and the rest of the talented management team. We will continue to support the company’s history of growth through continued innovation as well as through strategic acquisitions.”
Alice Tillett, CEO of Petmate, said, “We are happy to partner with Olympus and believe they are ideally positioned to support our next phase of growth and development. We look forward to working with them as we continue to focus on building out the leading pet products company and bringing innovative new ideas and products to our customers.”