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Health & Happiness Group completed the acquisition of Solid Gold Pet from VMG Partners for $163m.

Synopsis

Health & Happiness Group, a provider of health care supplements, completed the acquisition of Solid Gold Pet, a manufacturer and a worldwide supplier of natural, holistic pet foods, from VMG Partners, a private equity firm, for $163m. “This diversification represents a third pillar of growth for H&H Group and we are delighted to be taking this step with Solid Gold, America’s first holistic pet food company. For over 45 years Solid Gold has established a strong brand and premium range of high-quality nutrition solutions for cats and dogs, with a pioneering spirit of innovation at its core. The combination of Solid Gold’s attributes and brand reputation in the US premium pet food market, along with the growing demand for pet nutrition globally - driven by the rapidly increasing pet population and the trend in humanization of pets, makes this a very compelling opportunity for the Group," Laetitia Garnier, H&H Group CEO.

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