LISBON, OH – BrightPet Nutrition Group, a provider of pet food and treats, has acquired Dayton, OH-based MiracleCorp and its portfolio of assets.
The transaction “will bring together MiracleCorp’s impressive portfolio of trusted brands with BrightPet’s extensive production capabilities and roster of brands,” according to a press release from BrightPet.
Financial terms of the deal were not disclosed.
“Over the past 40 years, MiracleCorp has built a complete line of innovative, solutions-driven products and accessories for pets and prized animals – including our storied Stewart brand of high-
quality, nutritious and flavorful treats,” said William Sherk Jr., CEO of MiracleCorp. “The complementary nature of both companies’ offerings will create significant synergies, especially in the freeze-dried segment of pet food, toppers and treats.”
MiracleCorp’s brands will strengthen BrightPet’s position in the pet industry by expanding its portfolio of company-owned, super-premium pet food and treat brands, according to the release.
The acquisition will also enable BrightPet to add manufacturing capabilities in Dayton to its existing operations in Lisbon, OH; Sherburne, NY; and Kiel, WI.
“BrightPet has long admired MiracleCorp’s business, and this acquisition is a recognition of its proven track record of success and commitment to excellence,” said Matthew Golladay, CEO of BrightPet. “Over the past few years, we have been working hard to evolve the business that my
family founded in 1978. Following our recent purchase of pet treat manufacturer Phoebe Pet Products in Kiel, Wisconsin, BrightPet has seen tremendous growth – and we are excited to continue building on our momentum with the MiracleCorp team. Importantly, we believe that the addition of MiracleCorp will create a leader in kibble and freeze dried pet food and treats, allowing us to offer our customers with a robust product offering of kibble, kibble with inclusions, freeze dried treats, baked treats and toppers as well as other pet wellness products.”
“We believe that the combination of BrightPet and MiracleCorp will add substantial value to a leader in the rapidly expanding pet food and treat industry,” said Ryan McCarthy, Partner at A&M Capital Partners. “With robust manufacturing capabilities, product offerings and complementary
unique brands under the BrightPet portfolio, we expect that the transaction will significantly expand the company’s offerings to its customer base. The AMCP team believes that the company is now poised to supercharge its growth and is in a position to continue to increase its market share through investments in organic growth and other strategic add-on acquisitions. We are looking forward to the many more exciting developments on the horizon for BrightPet.”
The combined company will have a portfolio of brands including BrightPet’s Blackwood, Adirondack and By Nature, as well as MiracleCorp’s freeze-dried and other pet treats sold under the Stewart brand. The acquisition also expands BrightPet’s footprint in the pet industry with the addition of MiracleCorp’s other brands that include Miracle Care, Hamilton, ARC Veterinary
Products and Group Summit flooring products.