Ghent, 22 December 2016 – Waterland Private Equity Investments will provide growth capital to United Petfood, a specialist in high-quality dry dog and cat food.
Since its start in 1994 by Dominiek Dumoulin, United Petfood became, from the production site in Ghent, an important European manufacturer of dry pet food with today four production sites in France (Boulogne-sur-Mer, Provins, Yzeure and Nantes) and one production site in Poland. The company develops and produces high-quality extruded dry dog and cat food, biscuits and snacks for customers in the wholesale distribution as well as the specialised pet food distribution channel in Belgium and abroad. Today, they are exporting to over forty different countries.
To accelerate its European growth strategy in the future, United Petfood recently decided to strengthen its capital structure. To this end, the company has now attracted Waterland as a partner. Waterland will support United Petfood with additional capital and management assistance where necessary, with the further growth of the group.
Dominiek Dumoulin (founder) and Dries Eeckhout (CEO) state: “Attracting Waterland as a partner is a logical next step in our growth trajectory. Waterland provides us with the expertise and the capital necessary to our ambition in order to become a true European leader in private label pet food. Our growth will be achieved through both organic growth and selective acquisitions. This partnership with Waterland gives us extra strength to accelerate the achievement of our growth programme.”
“For Waterland, the investment in United Petfood perfectly fits with our strategy to invest in growing, high-quality companies that have the ambition to acquire a leading position in their industry”, says Cedric Van Cauwenberghe, partner at Waterland Private Equity Investments.