SLEEPY EYE, MINN. — Chasing Our Tails, a high-end pet treat manufacturer, announced that its parent company, BIC Holding, Inc. completed a $21 million restructuring to support a significant expansion of Chasing Our Tails.

According to the pet treat company, the funding will allow it to develop a treat line with a new financial partner. The partner was not disclosed.

“This restructuring will allow me to retain sole ownership and control of Chasing Our Tails, without any asset-based lending debt,” said Stephen Trachtenberg, founder and president of Chasing Our Tails. “This will fuel our fast-paced expansion of production capacity and product lines. We are delighted to take our company to, and through, its next level growth.”  

Founded in 2009, Chasing Our Tails offers single-ingredient pet treats. The company’s product portfolio includes bones, dehydrated treats, freeze-dried treats, antler chews and more.

“This funding will allow us to ramp up our sales and marketing activities,” said Elena Kalogeropoulos, chief executive officer. “We look forward to entering new markets with strong products and exceptional positioning.”

Since its move to a facility in Minnesota in 2018, Chasing Our Tails has expanded its production to include four facilities, amassing more than 510,000 square feet of production capacity.