Wednesday, August 26, 2015

3 pet food updates for the week ending August 24

1. Petco files for initial public offering: Petco Holdings Inc. has filed for an initial public offering of stock. The company indicated it would seek to raise US$100 million, which is likely a placeholder amount that will change.
2. Flexible packaging companies Prolamina, Ampac merge: Wellspring Capital Management L.L.C., a New York-based private equity firm, has created a leading flexible packaging company through the merger of portfolio companies Prolamina Corp. and newly acquired Ampac Holdings L.L.C. Financial terms were not disclosed.
3. Charlee Bear to sponsor pet adoption tour: Charlee Bear Dog Products, maker of the original Charlee Bear Dog Treats and grain-free Bear Crunch Dog Treats, will sponsor FIDO Friendly magazine’s 7th annual Get Your Licks on Route 66 month-long pet adoption tour. The cross-country series of events begins September 11 at the Western Riverside County/City Animal Shelter in Riverside, California, USA. 

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