(PRESS RELEASE) Fairchild Capital Partners, LLC, a private equity firm based in Buffalo, NY, announced that it has completed a growth capital investment in Caitec Corp. Caitec, based in Halethorpe, MD, is a manufacturer and distributor of dog toys, bird products and other pet supplies. Caitec offers products through its own proprietary brands, as well as private label brands. The company’s brands include Hero, Chase ‘N Chomp, Featherland Paradise, Oven Fresh Bites, Nature’s Instinct and TitanEze.
Caitec, which was founded in 1992, initially was focused on bird toys, accessories, and feed, but in recent years has expanded into other pet categories, including dog, small animals, and fish. The Company’s products are offered globally via a variety of sales channels, including national and local pet retailers, mass and regional retailers, grocery stores, and e-commerce.
“Caitec has really evolved in recent years,” said Terry Gao, CEO of Caitec. “We are continuously looking for opportunities to better serve our customers, be it through new product offerings, entering into new product categories, and enhancing the availability of our products. Partnering with Fairchild Capital Partners will help us accelerate these initiatives, and allow us to pursue other organic growth initiatives and strategic acquisitions.”
“We are excited to partner with Terry and the team at Caitec. Caitec has a long history in the pet industry, and we have been impressed with their flexibility and adaptability to meet the evolving demands of the consumer. The pet industry has compelling macro drivers, and Caitec is well positioned to capitalize on these trends,” said Ryan Martin, Fairchild Capital’s managing partner.
