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07/2026

Forthglade acquired by Assisi Pet Care

UNITED KINGDOM Consumer Products / Pet Care REV 25M - 50M GBP

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 GBP39.5M alongside an EBITDA of LOGIN. 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.

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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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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Historical Financials (GBP)

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Year
Rev
EBITDA
EBIT
2025
39.5M
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2024
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REFERENCES

Revenue range: 25M - 50M GBP

EBITDA range: 0M - 5M GBP

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Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Target: forthglade

Acquirer: assisi pet care