French family-owned business Nasta Pet Food has acquired Canada-based peer FirstMate Pet Foods.
Financial terms were not disclosed.
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Founded in 1989, British Columbia-based FirstMate Pet Foods focuses on so-called limited ingredient diet formulas across dry and wet pet food.
In a statement, Nasta Pet Food said the acquisition is a “key milestone” in its international expansion strategy and “significantly strengthens” its commercial and manufacturing platform in North America.
The combined entity will have a consolidated industrial capacity of 54,000 tonnes of dry pet food and 4,000 tonnes of wet pet food per year.
This year, Nasta Pet Food expects the businesses to together generate around €200m ($235.6m) in consolidated revenue.
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By GlobalDataAccording to its website, Nasta Pet Food was founded in 2016 following the acquisition of Bab’in in France.
It later expanded with the purchases of Forza10 in 2021 and Natural Code in 2023.
The company is present in France, Italy, North America and China. It distributes products to more than 30 countries.
With 135 employees, the group operates production facilities in France and Italy.
As part of the acquisition, Nasta refinanced its activities through a senior unitranche facility of €120m provided by HIG WhiteHorse.
“This refinancing will support and accelerate the development strategy of the combined group,” Nasta added.
This month, Canadian pet food business Pure Treats acquired US peer Primal Pet Foods, which owns the PureBites and PureSnacks cat and dog snacking brands.
