The company’s pet segment saw continued growth in net sales, household penetration and market share in the fourth quarter and throughout its fiscal year 2020.
The father/son duo of Andy and Tony Caridis have worked side by side for decades producing modern equipment solutions for the food, pet food, pharmaceutical and other processing industries.
Although pet services are still expected to decline, Packaged Facts expects non-food pet product sales to grow 8% to $59 billion by the end of the year.
Petlove’s founder and chief executive officer will work with the private equity firm to further develop the company’s online presence throughout the country.
The company has partnered with Montana Microbial Products to produce and commercialize barley protein concentrate for use in companion animal and aquaculture feed.
E-commerce is overtaking pet specialty, supply chain disruptions worsen, and pandemic-era health and safety measures are expected to continue for the foreseeable future.