Phillips Pet Food & Supplies is reportedly in talks with potential buyers to sell the distribution company in a deal that could be worth nearly US$600 million.
The family owned company recently hired Harris Williams to seek out buyers, according to sources. The company, based in Easton, Pennsylvania, USA, has nearly US$60 million in annual earnings before tax, interest, depreciation and amortization, and may be looking to sell the company for an amount 10 times its annual earnings.
Learn about more companies and how they are lending a helping paw and claw to their own cause campaigns
Petfood companies who promote their support of causes in their marketing campaigns are staying innovative in these uncertain times
Why these companies lead the global petfood industry in
sales, growth and innovation
It gives more direct control to CVM in establishing and maintaining ingredient definitions
Public meetings invited comments and provided updates
The intent was to educate regulators and industry about the Model Pet Food Regulations
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