Spectrum Brands Holdings acquired Salix Animal Health, LLC, a transaction completed in January 2015, structured as All-cash acquisition of a privately owned company.
Salix Animal Health, LLC operates in Global Pet Supplies (companion animal), is based in United States (manufacturing in Brazil, Ecuador, Mexico and Colombia). Spectrum Brands acquired privately owned Salix Animal Health, the world's largest vertically integrated producer and distributor of premium, natural rawhide dog chews, treats and snacks, with annual revenues of approximately $100 million. Founded in 1988, Salix sells flagship brands Healthy-Hide (Good 'n' Fun, Good 'n' Fit, Good 'n' Tasty) and Digest-eeze through mass merchandisers, grocery, pet specialty and warehouse clubs, backed by a flexible supply chain with plants in Brazil, Ecuador, Mexico and Colombia.
Strengthened and diversified the Pet segment's position in the fast-growing, roughly $2 billion global rawhide dog-treat sub-category, provided channel and brand differentiation for the Dingo business, added Digest-eeze enzyme technology and IP, and delivered a low-cost, vertically integrated sourcing model with immediate revenue opportunities in Europe and Latin America.
Advisory firms were not disclosed for this transaction.