Pet food maker sells majority stake for £50m
Date added:
21/03/2016
The Cheshire company which makes pet food brands Applaws and Encore has sold a majority stake to private equity firm ECI for around £50m. MPM Products, based in Macclesfield, is expected to have a turnover of £50m this year. It has been growing revenues by around 25% a year over the last few years as pet owners seek better-quality natural food for their dogs and cats. The comapny has a strong and growing international business across 33 countries, with 60% of its products sold overseas.It was set up by Roger Wood, ....
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