Spectrum Brands acquires Salix Animal Health

Spectrum Brands (Tetra und 8in1) has acquired privately owned Salix Animal Health, a producer and distributor of premium, natural rawhide dog chews, treats and snacks with annual revenues of approximately $100 mio. The financial terms of the accretive, all-cash transaction were not disclosed. “Salix will further strengthen, expand and diversify our pet segment’s position in rawhide dog treats, which is a fast-growing pet sub-category with estimated annual global retail sales of $2 billion,” said Dave Lumley, chief executive officer of Spectrum Brands Holdings. “It will provide important channel and brand differentiation for Pet’s North American Dingo business, along with immediate revenue opportunities in Europe and Latin America.” Founded in 1988, Salix offers a comprehensive line of chews made from beef hide, pork, chicken, beef and other various proteins. Salix branded and private label products are sold to mass merchandisers, grocery stores, pet speciality stores and warehouse clubs. Its two flagship brands are Healthy-Hides and Digest-eeze.