Nexus Capital Management has officially acquired the premium pet food brand after several consecutive quarters of underperformance under The J.M. Smucker Company ownership.
Shifts in consumer mobility, the retail landscape and supply chain constraints caused by COVID-19 led to small, extra-small and private label CPG manufacturers gaining share over their larger competitors.
Rendered animal proteins and fats, as well as fresh and frozen meat slurries, are a viable source for pet nutrition and offer processors a substantial opportunity in sustainability.