Nexus Capital Management has officially acquired the premium pet food brand after several consecutive quarters of underperformance under The J.M. Smucker Company ownership.
While its pet food segment remains The J.M. Smucker Company’s most profitable business, cat food and dog treats are outperforming the company’s premium dry dog foods by leaps and bounds.
Many pet food companies took this year’s theme to heart, debuting pet nutrition innovations that speak to numerous evolving trends throughout the industry.