(PRESS RELEASE) SLEEPY EYE, MN — Chasing Our Tails, Inc. announces that it’s parent company BIC Holding, Inc. has completed a $21,000,000 financial restructuring to support further expansion and development of its pet treat product line with an undisclosed financial partner.
Founder and President Stephen Trachtenberg was quoted stating, “This restructuring will allow me to retain sole ownership and control of Chasing Our Tails, without any asset-based lending debt. This will fuel our fast-paced expansion of production capacity and product lines. We are delighted to take our company to, and through, its next level growth.”
Chief Executive Officer Elena Kalogeropoulos said, “This funding will allow us to ramp up our sales and marketing activities. We look forward to entering new markets with strong products and exceptional positioning.”
About Chasing Our Tails
Chasing Our Tails was founded in 2009 in New Hampshire as a high end, single ingredient pet treat manufacturer. Subsequent to its 2018 move to Minnesota, the company facilities have expanded to 4 plants consisting of over 510,000 square feet of production capacity. Further information can be found at www.chasingourtails.com.
