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Wellness Pet Considers $600M IPO: Bloomberg

The transaction could take place as early as this year.




Bloomberg reports that Wellness Pet Co. could soon go public via a $600 million initial public offering.

The IPO could take place as early as this year, according to Bloomberg, which cited unnamed “people with knowledge of the matter.”

Goldman Sachs Group Inc., Bank of America Corp. and Morgan Stanley are reportedly assisting Wellness Pet with preparations for the potential IPO.

Wellness Pet, based in Tewksbury, MA, is backed by Clearlake Capital Group. The company was previously known as WellPet.

Among Wellness Pet’s brands are Whimzees, Wellness and Old Mother Hubbard.




NASC Media Spotlight

At first it was just an idea: Animal supplements needed the same quality control that human-grade supplements receive. But that was enough to start a movement and an organization —the National Animal Supplement Council — that would be dedicated to establishing a comprehensive path forward for the animal supplements industry. In this Media Spotlight interview, NASC’s president, Bill Bookout, talks to PETS+ interviewer Chloe DiVita about the industry today: Where it’s headed, what’s the latest focus and why it’s vital to gain the involvement of independent pet product retailers.

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