Prairie Canine Pet Merchandise (PDPP Holdings, LLC), a portfolio firm of Kinderhook Industries, LLC, has introduced its acquisition of Himalayan Company. Himalayan represents Kinderhook’s 206th add-on acquisition since its inception. Monetary phrases of the transaction weren’t disclosed.
Based in 2008, Himalayan produces premium, laborious cheese canine chews. The corporate pioneered the product class and is the main model inside the house at present. Led by CEO Suman Shrestha, a product innovator with a deep historical past within the pet house, Himalayan has utilized its zero-waste administration strategy to launch virtually thirty distinctive product strains centered on natural, preservative-free chews that may be safely loved by all sorts of canines. The corporate has a various, blue-chip buyer base consisting of high pet retailers and distributes its merchandise by way of a number of channels, together with pet specialty, e-commerce, mass market, wholesale, and grocery.
“We’re excited to welcome the Himalayan group to the Prairie Canine household,” stated Tom Tuttle, managing director at Kinderhook. “The corporate represents a premium model, constructed by a proficient entrepreneur, main a robust group. Their data of custom-made manufacturing processes and key worldwide provide relationships might be helpful throughout all of our manufacturers.”
“The Himalayan merchandise and story have resonated deeply with pet homeowners, making a uncommon loyalty inside the class resulting in fast acceptance of latest merchandise by customers and retailers alike. The individuals and merchandise of Himalayan and Prairie Canine are an exceptionally well-suited match and we really feel proud that Suman selected Prairie Canine as their accomplice to proceed their extremely purpose-driven journey,” stated Ted Mischaikov, government chairman of Prairie Canine.
“I’m excited to accomplice with the Prairie Canine group and raise Himalayan into its subsequent stage of product growth and progress. The administration experience and distinctive salesforce that Prairie Canine has will function essential assets for Himalayan as we work by way of a robust backlog, ever rising demand and transition into our new services. We count on our momentum over the following 5 years to exceed expectations by now being in partnership with Prairie Canine.” stated Suman Shrestha, CEO of Himalayan.
Financing for the transaction was offered by Comerica Financial institution. Kirkland & Ellis LLP served as authorized counsel to Kinderhook.