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Nov. 8, 2013 Source: PBI-Gordon news release PBI-Gordon Corporation's Consumer Animal Products business unit, led by animal health industry veteran Rick Blomquist and best known for its Lambert Kay® pet healthcare brand line, announced another significant step today in developing a strong footprint within the growing pet products market place - with the purchase of pet healthcare product company PetAg®, Inc. through an acquisition of all shares of the company's stock. As the two successful brands are integrated, pet professionals can rest assured all pet healthcare products will continue to feature the same quality ingredients pet parents have come to trust for more than 70 years. PBI-Gordon Corporation is committed to building on the existing PetAg product line, developing a complete healthcare regimen for pets at every stage of life. With this acquisition, PBI-Gordon Corporation adds a broad portfolio of new nutritional supplements and healthcare products to its existing range, offering a more comprehensive line of healthcare solutions for pet parents. "This strategic expansion gives PBI-Gordon Corporation a more robust offering within the pet healthcare products sector. These two, long-standing successful brands are joining to provide consumers with synergistic solutions to keep their pets healthy throughout their lives," said Don Chew, president and CEO of PBI-Gordon Corporation. PetAg, Inc. has been a leading manufacturer and marketer of animal healthcare products since it was founded by Borden, Inc., later purchased as a separate company in 1986. The company delivers innovative health and wellness products to veterinarians and pet parents, enriching and prolonging the lives of dogs, cats, birds and reptiles, among other animals. Well-known brands under the internationally recognized PetAg umbrella brand include Esbilac®, KMR®, Bene-Bac®, Mirra-Coat®, Foal-Lac®, Multi-Milk®, PetLac®, Vive®, Zoologic®, Rawhide Brand®, Chunky Chews®, Pink Parrot®, Fermacto® and Bospro®. PBI-Gordon Corporation's current portfolio features other industry leading products now going to market under the Lambert Kay brand, including Fresh 'n Clean®, Boundary® and Prozyme®. "We look forward to offering one of the most comprehensive portfolios of animal healthcare solutions in the industry. Consumers can now get a very broad set of compatible quality solutions for their pet healthcare needs from one trusted company. PetAg's current managers and staff will continue to provide our customers with the highest quality products and customer service. We are so enthusiastic about the future growth potential of PetAg and Lambert Kay as a strategic component of the PBI-Gordon Corporation Consumer Animal Product Group. We are extremely grateful for the ongoing support of our esteemed customer base that will now be able to benefit from the combined PetAg and Lambert Kay product lines," said Darlene Frudakis, the former president and COO of PetAg, Inc. Darlene will remain with the business as president of strategic trade development for the PetAg/Lambert Kay product lines. PBI-Gordon Corporation purchased Lambert Kay and its brand portfolio in 2010, demonstrating a commitment to building on its expertise in the pet health care sector. PBI-Gordon Corporation is committed to working with all customers through the transition of this acquisition, ensuring seamless delivery of quality PetAg products, continuing the heritage and unique product offerings that have made PetAg industry renowned. Tweet |
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