The J.M. Smucker Co. has signed a definitive agreement to acquire Ainsworth Pet Nutrition in a transaction valued at approximately $1.7 billion.
Ainsworth is a producer, distributor and marketer of premium pet food and pet snacks, predominately within the United States. Approximately two-thirds of Ainsworth's sales are generated by its Rachael Ray Nutrish brand. Ainsworth also sells pet food and pet snacks under several additional branded and private label trademarks.
bution facility in Greenville, Pa.
the company in conjunction with the transaction.
ufacturing services to third-party pet food distributors.
folio," said Mark Smucker, CEO of the J.M. Smucker Co.
Petmate in Arlington, Texas, has acquired Gamma2, a manufacturer of airtight containers primarily used to store dry pet food, including the Vittles Vault.
Gamma2 was founded by Curt Leland and has corporate offices in Carlsbad, Calif., and manufacturing plants in Gardena, Calif., and Sweetwater, Tenn. Over the course of the next six months, Petmate will complete a full transition of the corporate office in Carlsbad, Calif., and its associated intellectual property to its corporate headquarters in Arlington, Texas. The Gardena, Calif., and Sweetwater, Tenn., facilities will continue to manufacture and distribute the high-quality dry pet food storage containers.
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