Is Partner in Pet Food considering the sale of the business?
The Hungarian pet food manufacturer is valued at approximately €2 billion ($2.2B).
According to reports, private equity Cinven has picked Bank of America and Goldman Sachs Group to help with the potential sale of pet food manufacturer Partner in Pet Food (PPF).
Bloomberg states that no official decisions about the sale have been made. The same publication values the manufacturer at approximately €2 billion ($2.2B),
Cinven, that acquired the firm in 2018, was unable to comment further on the topic after a request from GlobalPETS.
As stated on the company’s website, Partner in Pet Food’s yearly production exceeds 450,000 tons of pet food, and its distribution network spans 38 European-based countries.
Following PPF’s 2020 acquisition of Doggy, a leading Swedish pet food manufacturer, the company acquired Landini Giuntini in January 2021. This acquisition resulted in PPF becoming the largest private-label dry pet food manufacturer in Italy.
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