Headlines Solid Gold Pet Acquired by H&H Group in $163M Deal With the acquisition, H&H Group establishes pet nutrition and care as a third business segment. Published 2 months ago on December 3, 2020 By PETS+ Staff Share Tweet Hong Kong-based Health & Happiness Group International Holdings Ltd. has acquired Solid Gold Pet in a $163 million deal. Founded in 1974, Solid Gold is a St. Louis-based holistic pet nutrition company with revenue of $55 million a year. Its core markets are the U.S. and China. Photo Gallery How Indie Pet Stores Are Celebrating — and Selling — Valentine’s Day Photo Gallery 16 Photos That Show Why The Dog Store Is One of America’s Coolest Stores Photo Gallery Holiday Pet Photos: Pics with Santa, Selfie Stations and More With the acquisition, H&H Group establishes pet nutrition and care as a third major business segment. Its other segments are adult nutrition and care and baby nutrition and care. “The combination of Solid Gold’s attributes and brand reputation in the US premium pet food market, along with the growing demand for pet nutrition globally — driven by the rapidly increasing pet population and the trend in humanization of pets, makes this a very compelling opportunity for the Group,” said Laetitia Garnier, CEO of H&H Group. “Entering into Pet nutrition and care is a natural move for H&H where we recognise the importance and the role that pets play in the lives of modern families around the world,” she continued. “The same consumers who care about their own health and wellness also care about that of their families and friends. As pets are very much a part of that family and treated more and more like humans, pet owners attach a growing importance to the wellbeing of their pets including their nutrition choices.” Advertisement Julie Barron, CEO of Solid Gold, said, “We are delighted to be working with H&H Group to further realise Solid Gold’s vision of positively impacting the lives of pets around the globe. This acquisition creates a greater opportunity for us at Solid Gold to bring transformative nutrition to pets worldwide. Our values and passion for pet holistic health are perfectly aligned with H&H Group’s mission of health and happiness for all.” Related Topics:acquisitionLatest News Top click to Comment(Comment) Advertisement You may like BrightPet Acquires MiracleCorp Pawzitivity Pet Products Makes 5th Acquisition of 2020 J.M. Smucker to Sell Off Natural Balance in $50M Deal Promoted Headlines Let’s Hear it for the Comfort Zone Tall Tails Category Spotlight: Terry Naturally® Animal Health Category Spotlight: eTailPet Advertisement Latest Trending Videos Press Releases1 day ago Two Companies from Bend Oregon Team Up for the 2021 Stage Stop Sled Dog Race Press Releases1 day ago New Tiki Cat Grill Pate Wet Cat Food Features Real Fish & Seafood Recipes in Broth Press Releases1 day ago Choice Pet Products Welcomes New Territory Manager to the Team Headlines4 days ago Open Farm Receives $65M in Private Equity Investment Photo Gallery1 week ago How Indie Pet Stores Are Celebrating — and Selling — Valentine’s Day Press Releases1 week ago Lightspeed Launches Supplier Network for Independent Retailers Trace's Store School2 months ago Video: Trace’s Store School: How to Build Community — and Grow Revenue — with Other Businesses Trace's Store School2 months ago Video: Trace’s Store School: Get Ready for Black Friday and Small-Business Saturday Trace's Store School2 months ago Video: Trace’s Store School Teaches You How to Start a Produce Co-Op for Pets Advertisement SubscribeBULLETINS Get the most important newsand business ideas from PETS+. Advertisement Most Popular Headlines4 days ago Open Farm Receives $65M in Private Equity Investment Photo Gallery1 week ago How Indie Pet Stores Are Celebrating — and Selling — Valentine’s Day Press Releases1 week ago Lightspeed Launches Supplier Network for Independent Retailers Columns1 week ago Shelf Appeal: 5 Things to Consider When Choosing Products for Your Pet Store Hot Sellers1 week ago Holiday Toys, Bird Perches and Spa Treatments Among the Hot Sellers for November Headlines5 days ago Mars Petcare Plans $145M Expansion in Arkansas Press Releases1 week ago Coastal Pet Institutes Authorized Seller Policy Ask PETS+1 week ago What Do You Do When Employees from Other Pet Stores Come Into Your Store?