Spectrum Brands Acquires Armitage Pet Care from Rutland Partners
October 26, 2020
Spectrum Brands Holdings acquired Armitage Pet Care from Rutland Partners for an enterprise value of £140 million, completing the sale on 26 October 2020. The acquisition brings the Good Boy-branded pet treats and toys business into Spectrum's European pet-care portfolio and follows a period of operational transformation under Rutland (sales grew to over £65m).
- Buyers
- Spectrum Brands Holdings, Inc.
- Targets
- Armitage Pet Care
- Sellers
- Rutland Partners
- Industry
- Consumer Products
- Location
- United Kingdom
- Transaction Type
- Buyout
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