One of the country’s largest pet food manufacturers has a new owner, after Denmark’s BHJ bested the ASX-listed Ridley Corporation in the auction for Staughton Group.
The transaction shows that pets and vets – one of the hottest sectors for deals last year – are still big drawcards, with BHJ paying just north of $100 million for Staughton. The company, which is headquartered near Albury, NSW, owns Cool Off, a producer of raw pet food and aggregator of offal from abattoirs, as well as Murray River Pet Food, which makes dry foods and sells it under its own brand and under private labels.
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Sarah Thompson has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones. Email Sarah at sarah.thompson@afr.com
Emma Rapaport is a co-editor of the Street Talk column. Prior to that, she was a markets reporter at The Australian Financial Review. Connect with Emma on Twitter. Email Emma at emma.rapaport@afr.com
