.
MergerLinks Header Logo

Announced

Completed

Spectrum Brands completed the acquisition of Armitage Pet Care from Rutland for $180m.

Financials

Edit Data
Transaction Value£140m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales2.3x
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

Edit

Friendly

Cross Border

Private

United Kingdom

Private Equity

Disposal

Single Bidder

pet stores

Specialty Retailers

Completed

Acquisition

Majority

Synopsis

Edit

Spectrum Brands, a globally branded consumer products and home essentials company, completed the acquisition of Armitage Pet Care, pet supply stores, from Rutland Partners, a private equity investor, for $180m. “We are very excited to add a market leader in dog and cat chews and treats to our highly successful and fast-growing Global Pet Care business unit. Over the last few years, Armitage has grown sales at a 17% compound annual rate. We expect that our global scale and resources will not only help fuel future growth of the Armitage brands within the UK and across continental Europe and beyond, but will also strengthen its e-commerce business. I would also like to warmly welcome the Armitage team to the Spectrum Brands family. I am confident in our ability to create tremendous value together,” David Maura, Spectrum Brands Chairman and Chief Executive Offer.

© COPYRIGHT 2024 MERGERLINKS LIMITED.

ALL RIGHTS RESERVED.

15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.

CONTACT US