French non-public fairness agency PAI Companions agreed to purchase Alphia Inc., a customized producer of superpremium pet meals based mostly in america, from its proprietor J.H. Whitney Capital Companions, Reuters’ Abigail Summerville reported. She cited unnamed individuals conversant in the pet meals trade enterprise transaction who mentioned Alphia was valued at roughly US$1 billion, together with debt, within the deal. PAI Companions is a personal fairness agency based mostly in Paris. Alphia is PAI Companions’ second main acquisition within the U.S. The French non-public fairness agency acquired Tropicana from PepsiCo in 2021.
J. H. Whitney Capital Companions (JHW) had owned C.J. Meals since 2014 and purchased Lortscher’s Animal Diet (now LANI) in 2018.
Alphia works with pet meals manufacturers as a co-manufacturer and retailers seeking to develop, revise or develop their pet meals manufacturers, in accordance to Petfood Business’s High Pet Meals Firms database. Alphia can produce dry canine and cat meals, canine treats, canned canine and cat meals and pet chicken meals. It has the capability to fabricate greater than 1 billion kilos of pet meals and treats yearly. The corporate additionally contains subsidiaries LANI (previously Lortscher’s Animal Diet) and Veracity Logistics. Alphia resulted from the 2020 merger of C.J. Meals and American Diet. The mixed firm employs roughly 1,120 individuals. Alphia makes a portfolio of pet meals and treats. The corporate has a nationwide footprint of 10 areas throughout 6 states. The corporate manufactures a couple of billion kilos of dry, canned and baked pet meals and treats yearly.
Alphia information for 2022
Annual Income
US$875,000,000.00
Whole Services
10
Manufacturing Crops
7
Workers
1120
Current Alphia information
Alphia to make Halo model superpremium pet meals
Alphia is a portfolio firm of J. H. Whitney Capital Companions, a Connecticut, USA-based private-equity agency.
JUNE 22, 2023
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10 high US-based pet meals corporations in 2022
Pet meals corporations based mostly in america dominate the rating in Petfood Business’s High Firms Present Information for 2022.
JUNE 26, 2023
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Alphia could also be offered for greater than US$1 Bil
Alphia is a portfolio firm of J. H. Whitney Capital Companions, a Connecticut, USA-based private-equity agency.
MAY 23, 2023
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Mergers, acquisitions and different enterprise offers within the pet meals trade 2023
Pet meals M&A on downturn however offers are selecting up
June 22, 2023
This yr up to now has seen some notable pet meals mergers and acquisitions (M&A) — and a number of extra occurred simply this week — however in the event you’ve been considering M&A exercise has slowed, you’re appropriate.
“The pet trade is poised to outperform the broader capital and M&A markets, however macro market situations will constrain deal quantity in whole,” wrote Bryan Jaffe, managing director, and John Gulvezan, vice chairman, of Cascadia Capital of their newest report, “Pet Business Overview, Spring 2023.” Their information exhibits pet trade transactions peaked in 2021 at 162 offers, whereas 2022 ended up with somewhat greater than 100 offers. That’s a 37% decline, which will increase to 52% in the event you take away veterinary service transactions, they wrote.
