Private equity may bite into MPM pet foods
UK pet food firm MPM Products has hired PwC to explore funding options for the business.
The firm is not seeking a sale but expansion funding to facilitate its growth.
Brands that MPM manufactures include Applaws and Encore, both distributed through supermarket giants including Sainsbury's and Tesco.
According to the firm's site, sales grew 56% in 2012 to reach £17m. The firm has been growing consistently since 2005, with rates ranging from 31% in 2011 to 97% in 2009.
MPM is owned by Roger Wood, Roger Coleman and Jon Kinsey. The management team is comprised of directors that bring with them experience gleaned from Proctor & Gamble, Deloitte, Mars and GlaxoSmithKline.
unquote" data reveals a number of pet food businesses to have attracted private equity funding in the last couple of years. Last year Swander Pace Capital provided expansion funding for Welsh pet food firm Cambrian Pet Foods while in 2011 Advent International acquired Hungary's Provimi for €188m.
This story was initially broken by The Grocer. MPM was not immediately available for comment.
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