Announced
Synopsis
Nexus Capital-backed Natural Balance, a pet food manufacturer, agreed to merge with L Catterton-backed Canidae, a pet food manufacturer. Financial terms were not disclosed. "Natural Balance has a proven position as a pioneer in the premium specialty pet food industry, and we are confident that Canidae is the ideal partner to enhance and accelerate the brand's strategic growth following the past two years as a stand-alone business. Together, we will create high-quality products anchored around premium, limited ingredient formulas, and benefit from enhanced scale and a talented workforce. Natural Balance and Canidae share a commitment to nurturing the health of both our pets and our planet and we look forward to offering even greater choice and value to our customers," Damian Giangiacomo and Jonathan Whitlock, Nexus Capital Partners and Managing Directors.
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