Aterian Investment completed the acquisition of a majority stake in Allentown.

Aterian Investment, a private investment firm, completed the acquisition of a majority stake in Allentown, a supplier of animal housing. Financial terms were not disclosed. "We could not be more excited to embark on this new partnership with Aterian as we march into Allentown's next phase of growth. Throughout this process, the Aterian team consistently demonstrated excitement about our business and strategic growth initiatives, commitment to maintaining our company culture established over decades, and relevant experience in partnering with businesses in our space as well as family-oriented businesses. We are confident that Aterian is the perfect partner to help us execute on our global growth plan both organically and through M&A going forward," John Coiro, Allentown CEO.