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Chasing Our Tails Announces $21M Financial Restructuring

Glenn Polyn//August 23, 2022//

Chasing Our Tails Announces $21M Financial Restructuring

Glenn Polyn //August 23, 2022//

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Press release: Chasing Our Tails

Chasing Our Tails, Inc. recently announced that its parent company, BIC Holding, Inc. has completed a $21 million financial restructuring to support further expansion and development of its pet treat product line with an undisclosed financial partner.

“This restructuring will allow me to retain sole ownership and control of Chasing Our Tails, without any asset-based lending debt. This will fuel our fast-paced expansion of production capacity and product lines. We are delighted to take our company to, and through, its next level growth,” said Chasing Our Tails founder and president Stephen Trachtenberg.

“This funding will allow us to ramp up our sales and marketing activities. We look forward to entering new markets with strong products and exceptional positioning,” added chief executive officer Elena Kalogeropoulos.

Chasing Our Tails was founded in 2009 in New Hampshire as a high-end, single-ingredient pet treat manufacturer. Subsequent to its 2018 move to Minnesota, the company facilities have expanded to four plants consisting of over 510,000 square feet of production capacity.

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