gtn JUNE 2017
Advice and information for garden centre professionals
gardentradenews.co.uk
Velcro and Petface forge strong bond
Investment by global company Velcro Companies in Petface is being seen as an opportunity for the innovative pet products company to grow internationally. Velcro Companies acquired a minority stake in Petface at the beginning of April, and the move is already starting to pay dividends for both companies. Peter Johnson, Chief Executive Officer of Petface, said: “The investment by Velcro Companies represents a resounding endorsement of our success to date and acceptance of our commitment and enthusiasm towards pets and pet owners. “We are looking forward to working with their development teams, and both businesses are dedicated to the details that make products functional, durable and easy to use. This significant investment aligns the business and gives Petface the perfect platform to grow internationally.” Petface was established in 2011 and the company has over 3,000 products in the its range, with 17 brands covering collars and leads, feeding, bedding and toys, across dog, cat, small pet and wild bird categories. The pet company’s products are already incorporating Velcro’s fastening solutions, which are used by companies and individuals around the world. Mark Sater, Vice President of Strategic Execution for Velcro Companies, said: “This new shared venture with Petface represents another strategic step in building our presence in growth markets, and we are enthusiastic about the significant further potential for Petface to develop and deliver innovative products
“The investment by Velcro Companies represents a resounding endorsement of our success to date” and expand globally. “This agreement reflects our commitment to create a powerful global consumer business by developing new products and leveraging the strong consumer awareness of the VELCRO® brand. With a heritage of innovation and a passion for great product design, Petface is an ideal partner to help us realise this goal.”
For more information on Petface visit www.petface.com