The momentum of Malaysia’s Pet World
The pet food manufacturer wants to expand its product portfolio internationally after a partial takeover.
Southeast Asian PE firm Creador has bought a 40% stake in Pet World International from COPE Private Equity and Pet World’s founding family.
The Malaysian pet food manufacturing company owns various cat and dog food brands, including ProDiet, ProBalance, and Delizios, and has over 20,000 points of sale across the country.
Through the acquisition, Creador aims to use its regional expertise and capabilities in mergers and acquisitions to accelerate Pet World’s international expansion.
“This partnership is truly a strategic alignment with a shared vision of prioritizing pet wellness and providing uncompromising pet nutrition,” says Choy Peng Yew, Group CEO of Pet World International.
Latest developments
Pet World’s pet care segment has reportedly grown by 27% over the last 3 years.
In February, Pet World Nutritions also announced plans for an IPO in Singapore by the end of the year. It is estimated to raise $100 million (€91.7M).
Earlier in 2021, the pet food manufacturer received investments from COPE, following which it built a manufacturing plant in Shah Alam with a monthly production capacity of 3,000 tons.
The Asia-Pacific market has become increasingly attractive to private equity investors. This news follows L Catterton’s recent $60 million (€55M) injection into Drools and Temasek and other firms’ investment of A$248 million (€152M/$165.7M) in Australia-based The Real Pet Food Company.
Share this story:
