Spectrum Brands Acquires PetMatrix
Goodwin’s Private Equity team represented PetMatrix, a privately held manufacturer of rawhide-free dog chews, in its sale last month to Spectrum Brands, a global consumer product company. Terms of the all-cash transaction were not disclosed.
PetMatrix provides a broad portfolio of innovative, rawhide-free dog chews across its two flagship brands – DreamBone® and SmartBones®. Its products are sold to mass merchandisers, food and drug stores, and pet specialty stores. The company is on pace to achieve $75 million in sales in calendar year 2017.
The Goodwin team was led by John LeClaire and included partners Howard Cubell, Joanne Gray, Natascha George, James Mattus, and Richard Matheny; associates Chi Pan, Annie Ross, Kate Seib, Amanda Russo, and Timothy Holahan; and international legal consultant Haili Ding.
For additional details on the agreement, please read the press release.