According to Smucker’s latest financials, the pet food brands continue to experience sales growth.

The acquisition of the pet supplement provider marks the private equity team’s third investment in the pet nutrition sector.

The combined company aims to accelerate the development of sustainable, algae-based products, including those for pets.

The company shared its financials for the fourth quarter and 2024 fiscal year, detailing plans to optimize its pet food segment.

Net sales for the company were $1.13 billion for the third quarter of 2024, representing 22% of Colgate-Palmolive’s total sales.

The Dutch manufacturer has expanded its portfolio with the acquisition of Yarrah. 

New Zealand Riverland Foods has shipped its first orders to the North American pet food market. 

The acquisition includes the Tiki Pets and Cloud Star brands and two manufacturing facilities. 

The pet retailer will continue business as usual despite the financial challenges of its parent company.

The company shared its third quarter and nine-month financial results.