Yorkshire-based private equity house, Traditum has made a £1.75m investment in Halifax-based Sniffers Pet Care.
The funding will allow Sniffers to build on its established relationships, support the rollout of new brands and product ranges and will enable them to invest in new manufacturing and distribution roles at its Halifax site.
Sniffers is an award-winning family-owned business with over 40 years of experience in the pet industry across retail and distribution, specialising in natural pet treats and supplying the likes of Pets at Home, Jollyes and hundreds of independent retailers with its brands including Walter Smith, Buffalo Natural Dog and Monster Chocs.
Simon Brown, Sniffer’s Pet Care CEO, said: “We have transformed our business over the past three years, focusing on new, high-quality product lines which cater for dog owners looking for a more natural product for their pet.
“I’m hugely proud of the business my family and team have built, and it’s been exhilarating to see such a rapid increase in sales with household name retailers.
“The investment from Traditum will allow us to roll out a new brand proposition and continue our growth in an increasingly fast-moving sector. The team brings in-depth knowledge of managing scaling businesses, and I look forward to working with them to build on our success.”
Iain Marlow, head of investments at Traditum, said: “At Traditum we are looking for businesses that have a strong management team, with values that align to ours in terms of integrity and aspiration and Sniffers more than ticked all our boxes.
“The UK is a nation of pet lovers who care about the quality of what they feed their pets. Simon and his team have established Sniffers as one of the leading suppliers of natural pet food in the highly competitive UK market.
“Their dedication to quality, innovation and reliability has enabled them to secure relationships with some of the largest retailers in the UK. Our investment will enable the business to build on its established position, expand operational capabilities and deliver new brand and product propositions.”
In 2022 the UK pet food industry is worth £3.3bn, with dog ownership in the UK growing significantly during the pandemic. According to recent figures from the PDSA, the dog population in the UK is estimated at 10.2 million, with 27% of adults owning one or more dogs.
Traditum was supported with legal advice from Paul Johnson and Nina Latham of law firm Mills and Reeve.
Richard Wilson of RSM provided tax advice to Traditum. Nigel Hoyle from Blacks provided legal advice to the vendors, and Sara Whitton from My Management Accountant provided financial support to Sniffers.
