View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
August 5, 2022updated 08 Aug 2022 10:16am

Colgate-Palmolive’s Hill’s Pet Nutrition eyes Red Collar Pet Foods plants

Hill's Pet Nutrition plans to pay $700m for the three Red Collar sites.

By Simon Harvey

Hill’s Pet Nutrition plans to add to its US manufacturing capabilities with the purchase of three factories from investor-backed Red Collar Pet Foods.

Free Whitepaper
img

Disruptive start-ups to watch out for

2021 was a record-breaking year, with more businesses breaking into the billion-dollar club. Many start-ups have achieved or retained the unicorn status by the end of the year to reflect nearly a fivefold growth from that in 2020. This boom can be linked to a financing frenzy spurred by the quick adoption of technology and innovative solutions by start-ups gaining traction in response to the pandemic. However, the start-up ecosystem is now facing turbulent times for fundraising as investors seek long-term business strategies, valuations, and a route to profitability amid uncertain market circumstances. Nevertheless, 2022 has the potential to carry forward the momentum with multiple entities having a fair chance of being in the right place when aided by the right technologies. GlobalData leverages the power of alternative data to examine the health of start-ups across multiple dimensions including the quality of their innovations, market presence, and the funding they can attract. This helps our clients to analyze the disruptive potential of start-ups for early alliances, investments, and acquisition prospects to develop future-proof strategic roadmaps for a competitive advantage. Read our report and gather insights on the following topics:
  • Recent Unicorn trends
  • Unicorns in 2022
  • Future Unicorns
  • Start-ups to watch out for
Start-up ecosystem outlook by top geographies
by GlobalData
Enter your details here to receive your free Whitepaper.

Kansas-headquartered Hill’s Pet Nutrition, owned by toothpaste and shower-gel maker Colgate-Palmolive, will pay US$700m for the dry pet-food plants, subject to regulatory approval. The facilities are located in Orangeburg, South Carolina, Clinton, Oklahoma, and Washington Court House in Ohio.

Hill’s Pet Nutrition, which purchased a pet-food plant in Italy in May from Nutriamo and is building another in Kansas, said all the 350 employees at the Red Collar Pet Foods’ sites are included in the deal.

Hill’s Pet Nutrition markets pet foods mainly under two brands. Hill’s Science Diet, which is called Hill’s Science Plan in Europe, is a range of products for what Colgate-Palmolive calls “everyday nutritional needs”. Hill’s Prescription Diet is a line of “therapeutic products to help nutritionally manage disease conditions in dogs and cats”.

John Hazlin, the president of Hill’s Pet Nutrition, said: “Hill’s is committed to enriching and lengthening the special relationship between people and their pets, and this additional production capability will help us reach more pets with our science-led foods and enable us to raise the level of service we provide to the speciality retailers and veterinary professionals that offer our products.”

Under plans announced last year, Hill’s Pet Nutrition said the canned pet-food facility in Tonganoxie, Kansas, is scheduled to begin production next year.

Red Collar Pet Foods is a private label and co-manufacturer in Franklin, Tennessee. The business was created in December 2018 as a result of Chicago-based private-equity firm Arbor Investments’ acquisition of Mars Petcare’s Exclusive Brands business.

Last year, the pet-food company said it planned a US$5.7m expansion of its facility in Clinton, Oklahoma.

Hill’s Pet Nutrition said Red Collar Pet Foods “will manage the dry pet food private-label business for a transition period and will continue to own and operate its pet-treats business and facilities”.

A spokesperson for Red Collar Pet Foods confirmed to Just Food that the company will continue to operate its pet-treats manufacturing plants in Joplin, Missouri, and Miami in Oklahoma, along with the retention of its office in Bentonville, Arkansas and its headquarters in Franklin.

“With the sale of the dry network, Red Collar will focus on our growing pet treats co-manufacturing business,” a statement read. “And Red Collar will continue to be the vendor of record for any remaining dry pet food co-manufacturing contracts until that production is completed.”

Related Companies

Free Whitepaper
img

Disruptive start-ups to watch out for

2021 was a record-breaking year, with more businesses breaking into the billion-dollar club. Many start-ups have achieved or retained the unicorn status by the end of the year to reflect nearly a fivefold growth from that in 2020. This boom can be linked to a financing frenzy spurred by the quick adoption of technology and innovative solutions by start-ups gaining traction in response to the pandemic. However, the start-up ecosystem is now facing turbulent times for fundraising as investors seek long-term business strategies, valuations, and a route to profitability amid uncertain market circumstances. Nevertheless, 2022 has the potential to carry forward the momentum with multiple entities having a fair chance of being in the right place when aided by the right technologies. GlobalData leverages the power of alternative data to examine the health of start-ups across multiple dimensions including the quality of their innovations, market presence, and the funding they can attract. This helps our clients to analyze the disruptive potential of start-ups for early alliances, investments, and acquisition prospects to develop future-proof strategic roadmaps for a competitive advantage. Read our report and gather insights on the following topics:
  • Recent Unicorn trends
  • Unicorns in 2022
  • Future Unicorns
  • Start-ups to watch out for
Start-up ecosystem outlook by top geographies
by GlobalData
Enter your details here to receive your free Whitepaper.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Friday. The industry's most comprehensive news and information delivered every other month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Just Food