Dane Creek Capital Corp. Increases its Stake in Your True Companion Pet Products Inc.
Summary
Investment to allow for strategic refocusing of Guelph-based manufacturer of pet treats and supplements to drive North American growthMISSISSAUGA, ONTARIO Jan. 10, 2018. Financial details were not announced.Companion Pet Products was founded by Paul Spindler in 2011 and sells its treats under the True Raw Choice and Pawzzie brand names. Both brands are known for offering human grade, single protein dehydrated treats with no artificial ingredients and are sold in leading pet specialty retailers across Canada. Under the terms of the deal, Companion Pet Products has entered a 5-year manufacturing contract with Baie Run whereby it will continue to manufacture high quality supplements such as colloidal silver and dried kelp which will now be sold under the Baie Run name.In October 2017, DCCC announced a similar deal through its acquisition of the non-manufacturing pet assets of Natures Way Canada, a leading manufacturer of omega-3 oils for people and pets. The transaction with Companion Pet Products will give Baie Run a complete line of 18 unique supplements making it one of the largest natural pet supplements brands for dogs and cats in North America.With this investment and the related transaction with Baie Run, Companion Pet Products is now better positioned to focus on its popular and high quality True Raw Choice and Pawzzie pet treats lines and to take advantage of opportunities for growth across North America, said Glen Tennison, President & CFO at DCCC.