Absorption Corp Sold to JRS
Absorption Corp, a leading manufacturer and marketer of premium pet products, was sold to international strategic buyer J. Rettenmaier & Söhne Group, according to Harris Williams & Co., who acted as the exclusive advisor to Absorption Corp.
Details of the transaction, which closed March 14, were not released. Prior to the sale, Absorption Corp was a portfolio company of Kinderhook Industries.
Headquartered in Ferndale, Wash., Absorption Corp develops, manufactures and markets small-animal bedding and other pet products made primarily from natural wood fiber. The company’s portfolio of premium brands includes CareFRESH, Healthy Pet and CritterCare and its products are sold at pet-specialty stores, mass merchandisers and grocery chains throughout North America.
JRS is a manufacturer of high-quality organic fibers, made from plant raw material, for use in a broad range of applications within the pet care, food, nutrition, pharmaceutical, chemicals and construction industries. JRS’ pet care offerings include pet litter and pet bedding products. The company supplies products to customers worldwide from its 21 facilities. JRS was founded in 1878 and is based in Rosenberg, Germany.