Arbor to acquire Mars Petcare's U.S. EP business – PE Hub: https://t.co/WtoglkdALo
— Confectionery News (@Chocindustry) September 14, 2018
Commenting on the transaction, Arbor Partner Chris Harned stated, “As investors in growth and innovation, we are thrilled to have been selected by Mars to partner with CEO Chris Hamilton and his team to lead EB into an exciting future. With an efficient and nationwide factory network, a loyal and experienced group of employees and a high-quality customer base, we look forward to playing an active role in the growing pet industry.” “Pet has been a priority for us,” said Arbor Senior Operating Partner Tim Fallon. “As we look to leverage Chris Harned’s successful prior investments in Meow Mix and Freshpet, EB provides us with a proven platform for both internal and acquisition-driven growth opportunities.” BofA Merrill Lynch is acting as financial advisor and Skadden, Arps, Slate, Meagher & Flom LLP is acting as legal advisor to Mars, Incorporated. Kirkland & Ellis is acting as legal advisor for Arbor Investments.