Spanish meat casings manufacturer Viscofan Group has acquired a 51% majority stake in Brazilian pet-food manufacturer Pet Mania Comércio Internacional for €5.6m ($5.8m).
In a statement, Viscofan said the transaction values the pet-food business at €16.5m.
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Based in Jundiaí, São Paulo, Pet Mania manufactures and sells animal-based pet treats, including Porpeta, Beef Sticks, Meat Knot and Collagen Donuts.
Pet Mania managing partner Marcela Almeida said: “Combining our knowledge of the pet food market with Viscofan’s commercial network and production excellence is a great opportunity and an exciting project that will help us expand our global presence.”
In 2024, the Brazilian company reached a turnover of €20.8m and reported EBITDA of €3m. It has expanded its presence from Brazil to international markets, with a focus on the Americas.
Viscofan Group CEO Luis Bertoli said that the collaboration “opens up new opportunities for growth, not only through the range of products it incorporates, but also through the opportunities offered by the use of collagen as a protein for the pet market”.
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By GlobalDataEstablished in 1975, Viscofan specialises in the manufacturing and distribution of casings used in the meat industry.
Its product range includes cellulose, collagen, fibrous, plastic and vegetable casings.
The company reported a net profit of €157m for 2024, reflecting an 11.4% increase compared year-on-year. Revenue amounted to €1.2bn, a 1.8% decrease compared to 2023.
In September, Viscofan acquired a 60% stake in two other Brazilian companies, Brasfibra Indústria e Comércio de Derivados do Couro and Master Couros Indústria e Comércio de Derivados do Couro for a total cash consideration of 88m reais ($14.9m).
Based in São Sebastião do Paraíso, Brasfibra specialises in collagen products, including collagen fibre, hydrolysed collagen and collagen for animal feed, while Master Couros specialises in the treatment of bovine hides.
