The Colorado-based private-label pet food manufacturer could be in talks to sell the business.
News has been circulating recently that pet food manufacturer Alphia may be looking to sell its business for $1 billion (€‎933M).
According to Reuters, the firm is in talks with investment banking group Golden Sachs.
Some sources stress that the deal “is not certain†and that private equity firm J. H. Whitney Capital Partners, which owns the company, “could choose to keep Alphia.â€
Alphia did not respond to queries from GlobalPETS.
Alphia was formed in 2020 after the merger of C.J. Food and American Nutrition, manufacturers of super-premium pet food and treats.
The company claims to be the “leading custom manufacturer of super-premium pet food†in the US, with over 3,200 SKUs of dry food and treats for cats and dogs. It has more than 10 manufacturing locations nationwide.
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