On April 30, Common Mills has accomplished the acquisition of Edgard & Cooper, considered one of Europe’s main unbiased premium pet meals manufacturers.
With this transaction, the corporate stated it additional advances its Speed up technique, together with the prioritization of its core markets, world platforms and native gem manufacturers to drive sustainable, worthwhile progress and top-tier shareholder returns over the long run.
“Edgard & Cooper is on the intersection of our Speed up technique’s core markets and world platforms,” stated Jon Nudi, group president, Pet, Worldwide and North America Foodservice, Common Mills. “We’re thrilled to welcome the Edgard & Cooper crew to the Common Mills household, and we stay up for partnering collectively to advance their mission to revolutionize premium, pure pet meals.”
Established in 2016, Edgard & Cooper is without doubt one of the fastest-growing and most-recognized unbiased pet meals firms in Europe, with estimated 2023 retail gross sales of greater than €100 million (US$107 million) throughout 13 markets. With omnichannel distribution capabilities and a dedication to sustainability, the model is delivering high-quality pet meals to canines and cats throughout Europe whereas decreasing its impression on the planet.
Headquartered in Kortrijk, Belgium, Edgard & Cooper will probably be a separate working unit led by its three founders, Koen Bostoen, Louis Chalabi and Jürgen Degrande, with its monetary outcomes consolidated into Common Mills’ Worldwide section.
“We’re excited to hitch Crew Common Mills and proceed doing what Edgard & Cooper is enthusiastic about — making higher canine and cat meals with actual elements that pets love and pet house owners be ok with,” stated Koen Bostoen, founder, Edgard & Cooper. “Combining our model’s pure positioning and industrial capabilities with Common Mills’ advertising and provide chain experience, we’re able to speed up Edgard & Cooper’s progress.”
Common Mills will fund the acquisition with money available.
In response to Petfood Trade’s High Firms, Common Mills is a North American producer and marketer of client meals and pet meals; getting into the pet meals market in 2018 with the acquisition of Blue Buffalo. Blue Buffalo is manufactured within the U.S. by way of a hybrid community of owned and contracted services. The corporate’s dry formulation embrace LifeSource Bits, a mix of vitamins and antioxidants.
