Glenn Polyn//January 4, 2021//
Glenn Polyn //January 4, 2021//
Press release: BrightPet Nutrition Group
BrightPet Nutrition Group, a leading provider of premium and super-premium pet food and treats, announced today that it has acquired Dayton, Ohio-based MiracleCorp and its portfolio of assets. The transaction will bring together MiracleCorp’s impressive portfolio of trusted brands with BrightPet’s extensive production capabilities and roster of brands.
“Over the past 40 years, MiracleCorp has built a complete line of innovative, solutions-driven products and accessories for pets and prized animals – including our storied Stewart brand of high-quality, nutritious and flavorful treats,” said William Sherk, Jr., CEO of MiracleCorp. “The complementary nature of both companies’ offerings will create significant synergies, especially in the freeze-dried segment of pet food, toppers and treats.”
MiracleCorp’s brands will strengthen BrightPet’s position in the pet industry by expanding its portfolio of company-owned, super-premium pet food and treat brands. The acquisition will also enable BrightPet to add additional manufacturing capabilities in Dayton, Ohio to its existing operations in Lisbon, Ohio; Sherburne, New York and Kiel, Wisconsin.
“BrightPet has long admired MiracleCorp’s business, and this acquisition is a recognition of its proven track record of success and commitment to excellence,” said Matthew Golladay, CEO of BrightPet Nutrition Group. “Over the past few years, we have been working hard to evolve the business that my family founded in 1978. Following our recent purchase of pet treat manufacturer Phoebe Pet Products in Kiel, Wisconsin, BrightPet has seen tremendous growth – and we are excited to continue building on our momentum with the MiracleCorp team. Importantly, we believe that the addition of MiracleCorp will create a leader in kibble and freeze dried pet food and treats, allowing us to offer our customers with a robust product offering of kibble, kibble with inclusions, freeze dried treats, baked treats and toppers as well as other pet wellness products.”
“We believe that the combination of BrightPet and MiracleCorp will add substantial value to a leader in the rapidly expanding pet food and treat industry,” said Ryan McCarthy, Partner at A&M Capital Partners (AMCP). “With robust manufacturing capabilities, product offerings and complementary unique brands under the BrightPet portfolio, we expect that the transaction will significantly expand the company’s offerings to its customer base. The AMCP team believes that the company is now poised to supercharge its growth and is in a position to continue to increase its market share through investments in organic growth and other strategic add-on acquisitions. We are looking forward to the many more exciting developments on the horizon for BrightPet.”
Together the combined company will have an impressive portfolio of brands, including BrightPet’s Blackwood, Adirondack and By Nature, as well as MiracleCorp’s freeze-dried and other pet treats sold under the Stewart brand. The acquisition also expands BrightPet’s footprint in the pet industry with the addition of MiracleCorp’s other brands that include Miracle Care, Hamilton, ARC Veterinary Products and Group Summit flooring products.