Partner in Pet Food, a Hungary-based pet-food manufacturer with nine factories in Europe, has snapped up a business in Italy to broaden its product range.
Landini Giuntini, Italy’s largest supplier of private-label dry pet food, has been sold to Partner in Pet Food (PPF) for an undisclosed sum.
PPF’s product range covers the principal categories of wet and dry food and the business said the deal would expand its portfolio.
“With its strong footprint in Italy and successful growth, this acquisition represents a significant opportunity for us to expand further our pan-European presence. This partnership will also enable us to broaden our product range into snacks and treats, particularly in the premium and super-premium ranges,” PPF chief executive Gerald Kuehr said.
Based in Città di Castello in central Italy, Landini Giuntini supplies domestic and international customers, including supermarkets and speciality pet food retailers. The company’s management team, led by Steven Giuntini, will continue to run the business after it becomes part of PPF.
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Mr Giuntini said: "We will be able to offer products from PPF's range to our customers and to support PPF's platform with our products and our passion for pet food [that is] made in Italy."
PPF's last acquisition came in July when the company acquired Sweden-based pet-food business Doggy, another move to bolster its business internationally.
Two-and-a-half years ago, private-equity group Cinven acquired PPF from another buy-out house Pamplona Capital Management. Pamplona had bought the business from private-equity firm Advent International in 2015.
PPF generates annual sales of around EUR300m (US$365.3m), distributing products across more than 30 European countries and employing in excess of 1,800 staff.