France: Inspired Pet Nutrition acquires pet food processor Sopral

Inspired Pet Nutrition (IPN), the pet food company controlled by investment firms CapVest and Parquest, has agreed to acquire Sopral, a French premium dry pet food manufacturer.

Based in Plechatel in the Brittany region, Sopral offers products under the Pro-Nutrition Prestige, Pure Life and Protect brands. The company has a presence in over 50 countries and a workforce of more than 130, supported by a 13,400-square-metre manufacturing facility.

Commenting on the move, IPN CEO Arthur van Benthem said: “This highly complementary strategic combination marks a significant milestone for IPN and provides us with a state-of-the-art manufacturing, logistics and sales platform to grow and realise our ambitious growth plans in the European market. We look forward to working with the Sopral team to build on their significant successes to date”.

Matthew Fargie of CapVest added: “Following on from the acquisition of Butcher’s last year, Sopral is another great addition to the IPN platform, creating significant capability and scale to underpin IPN’s growth in Europe. The acquisition will unlock a number of new opportunities for organic and acquisition-lead growth and is a great example of CapVest’s passion for building strong, differentiated global companies through significant investment in people, technology, innovation, and capabilities”.

The transaction is subject to customary closing conditions, including regulatory approvals. Financial terms were not disclosed.

Source: Inspired Pet Nutrition (via BusinessWire)