December 18, 2012
Petmate Acquires JW Pet Company And Canine Hardware
Petmate expands the scope of its toys and accessories category.
Wind Point Partners today announced that portfolio company Petmate acquired JW Pet Company and Canine Hardware.
Petmate manufactures and markets pet products including carriers, shelters, collars & leashes, feeding & watering systems, toys and pet beds under brands such as Petmate, Aspen Pet, Doskocil, Booda, Dogzilla, Fat Cat and LeBistro. Wind Point acquired Petmate in 2011 in partnership with CEO Joe Messner. Wind Point previously partnered with Joe in 1999 to acquire Bushnell Performance Optics, which it successfully divested in 2007.
“JW Pet Company and Canine Hardware bring some exciting names to our toys and accessories category, such as JW Hol-ee® Roller Toys and ChuckIt® balls and launchers,” said Messner. “We are excited to bring these brands into our portfolio and continue expanding their lines of innovative, high-quality toys.”
"The JW Pet Company and Canine Hardware acquisitions are an excellent fit for our strategy to grow Petmate organically and through acquisitions."
- Paul Peterson, principal
Paul Peterson, a principal at Wind Point, commented, “The JW Pet Company and Canine Hardware acquisitions are an excellent fit for our strategy to grow Petmate organically and through acquisitions. The Petmate value creation plan is focused on growing through new product development and driving innovation; the toy category provides an attractive opportunity to innovate and build strong consumer brands. Joe has an excellent track record of driving growth in acquired businesses, and we are excited about the potential for these acquisitions.”
JW Pet Company and Canine Hardware represent Petmate’s fourth and fifth acquisitions. Petmate previously acquired Muchkin Inc’s Fat Cat and Bamboo product lines, Kennel-Aire and WetNoz Inc.
Cascadia Capital served as an advisor to Canine Hardware on the transaction.