Sept. 30, 2022
Arbor Investments (“Arbor”), a specialized private equity firm that focuses exclusively on investing in food, beverage and related industries is pleased to announce that its Fund IV portfolio company, Red Collar Pet Foods (“Red Collar” or the “Company”), has completed the sale of its dry kibble pet food manufacturing business to the Colgate-Palmolive Company (NYSE: CL, “Colgate”) to support the growth of its Hill’s Pet Nutrition business. The transferred business includes Red Collar’s three dry kibble manufacturing plants located in Orangeburg, South Carolina, Clinton, Oklahoma and Washington Court House, Ohio, employees associated with the dry manufacturing business, as well as related finished goods and raw material inventories. Additionally, earlier this month, Red Collar completed the sale of certain real estate assets located in San Bernardino, California to an unrelated third party. Gross proceeds of the transactions exceeded $775 million.
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