UNITED KINGDOM — Fresh dog food company Butternut Box acquired PsiBufet, a Polish fresh dog food company. According to Butternut Box, the acquisition will help expand its presence throughout Europe.
Butternut Box has grown significantly since its inception in 2016. To date it has raised more than £100 million ($124.6 million USD) in investments from L Catterton, White Star Capital, Five Seasons Ventures, Passion Capital, Literacy Capital, Claret Capital and HSBC, enabling Butternut Box to become Europe’s largest fresh dog food brand, according to the company. The company’s current footprint includes the United Kingdom, Ireland, the Netherlands, Belgium, and now Poland with the acquisition.
“We are delighted that PsiBufet and Butternut Box have become one team,” said David Nolan, co-founder of Butternut Box. “We have been actively supporting PsiBufet's journey for several years and are extremely impressed with the progress they have made. We are pleased that together we will be able to take care of dogs’ health and happiness in Poland, and all over Europe. We’re really excited about continuing to serve customers the best quality fresh dog food in the Polish market.”
Founded in 2012, PsiBufet specializes in tailored fresh dog food. The acquisition is expected to expand PsiBufet’s product offerings and improve its online customer experience.
“Butternut Box has been supporting us for over three years. It is not only a capital investor but above all a strategic one, sharing their knowledge and experience,” said Piotr Wawrysiuk, founder and chief executive officer of PsiBufet. “Our companies share a common organizational culture and, above all, a mission: to provide health and happiness to dogs and their humans all over the world. I am pleased that, thanks to the relationship, we will be able to offer customers in Poland the highest quality products.”
For Butternut Box, the acquisition will help expand its business to Central and Eastern Europe with Poland serving as a regional hub.
“We are thrilled to welcome PsiBufet to the Butternut Box team,” said Kevin Glynn, co-founder of Butternut Box. “PsiBufet shares our commitment to providing dogs with fresh, wholesome, nutritious meals, and we are excited to bring their expertise and product offerings into our portfolio. This acquisition allows us to scale our operations in Europe and bring the Butternut Box experience to even more dog owners and their beloved dogs.”
Read more about corporate strategy, financial performance, mergers and acquisitions on our Business page.