Platinum Equity to acquire Petmate.

Platinum Equity, an American private equity investment firm, agreed to acquire Petmate, a manufacturer and supplier of non-food pet products. Financial terms were not disclosed. "Petmate has been a leading innovator in pet products for more than 60 years and has an outstanding portfolio of respected brands. The US pet market has grown steadily for the past 20 years and the secular trends driving it are expected to continue. The company's vertically integrated manufacturing capabilities and domestic footprint help ensure an efficient and reliable supply chain, which is more important than ever in today's environment," Adam Cooper, Platinum Equity Managing Director.