Forthglade acquired by Assisi Pet Care
Context
A strategic cross-portfolio acquisition has taken place in the pet nutrition industry as Assisi Pet Care, backed by US private equity sponsor Wind Point Partners, has completed the purchase of natural dog food producer Forthglade from European mid-market private equity firm IK Partners. The divestment marks the successful exit of IK Partners' majority interest acquired in August 2020 through its IK Small Cap II Fund. Under the leadership of chief executive David Cox, Forthglade achieved a doubling of its revenue base, driven by significant production capacity expansions at its Devon facility, product range diversification into functional treats and supplements, and the scaling of direct-to-consumer and third-party digital commerce channels. For the fiscal year ended September 30, 2025, Forthglade reported annual turnover of £39.5M alongside an EBITDA of . The addition of the Forthglade brand broadens Assisi's retail reach across national supermarket networks, independent specialist stores, and digital channels, directly complementing an M&A portfolio built through past acquisitions of Burns Pet Nutrition, Hollings, HiLife, Maced, Pet Munchies, Yakers, and NAW. For Assisi Pet Care, the transaction represents an important growth milestone under Wind Point's ownership, consolidating its manufacturing infrastructure across the UK and Poland while solidifying its competitive platform as a pan-European operator in premium and natural pet nutrition.
It is worth noting that the fund Ik Partners took control of Forthglade through an LBO in 2020.
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Target
Established in 1971 in Okehampton, Devon, Forthglade operates as a prominent British manufacturer of premium natural pet food and dog treats. The company specializes in producing minimally processed wet and dry dog food formulations alongside a diversified portfolio of wholesome treats and dietary supplements. Its operating model is underpinned by a state-of-the-art manufacturing facility located in the South West of England, supporting an omni-channel commercial distribution network across national supermarket chains, independent specialist pet retailers, and an expanding direct-to-consumer digital platform alongside third-party e-commerce channels. Forthglade focuses on transparent ingredient sourcing, clean recipes, and high-quality nutritional standards tailored to pet health and wellness trends. By leveraging strong brand equity and robust local production capabilities, the business has secured a leading presence across the UK pet nutrition market, addressing growing consumer demand for clean-label, premium-grade pet care products.
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FREE VIEWOther operations with Forthglade
| Date | Acquirer | Target | Country | Sector |
|---|---|---|---|---|
| 09/2020 | IK PARTNERS | Forthglade | UNITED KINGDOM | Pet Care |
REFERENCES
Revenue range: 25M - 50M GBP
EBITDA range: 0M - 5M GBP
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Authors: This transaction was contributed by a verified mynth contributor and cross-checked against available transaction documents and official company communications.
Target: forthglade
Acquirer: assisi pet care