After having sold a 40% stake to Southeast Asian PE business Creador, pet food manufacturer Pet World International aims to reach international expansion. The manufacturer currently owns dog and cat food brands like ProDiet, ProBalance, and Delizios.
Creador wants to support Pet World’s expansion by using its expertise and network in acquisitions.
“This partnership is truly a strategic alignment with a shared vision of prioritizing pet wellness and providing uncompromising pet nutrition,” says Choy Peng Yew, Group CEO of Pet World International.
Over the last three years, the company’s pet care division has increased by 27%. That is why the company has revealed IPO plans in February.
After receiving an investment from COPE, the company has built a production plant in Shah Alam with a capacity of 3,000 tons per month.
Since the Asia-Pacific market has gained attractiveness for private investors, L Catterton had invested $60 million (€55M) into Drools and Temasek together with others had placed a $248 million (€152M/$165.7M) investment into The Real Pet Food Company.