Pet Industry News Current Issue Exclusives Classified Ads Marketplaces Industry People & Profiles Pet Industry Resource Center
6:24 AM   April 18, 2014
Your E-mail:
Click Here to Subscribe
Subscriber Services
Which type of signage do you most prefer to use inside your store?
Click Here for Complete Breed & Species Profiles
Product Finder
Bookmark and Share

Japanese Firm Agrees to Take Majority Stake in Hartz

Posted: May 17, 2011, 6:30 p.m., EDT


Japanese household goods and pet supplies company Unicharm reported in mid-May that it has signed a letter of intent to acquire a majority stake in Sumitomo Corp.’s U.S. pet care business, The Hartz Mountain Corp.

Unicharm and Sumitomo aim to grow the pet care business in the U.S. by combining Hartz’s brand power and existing market share with Unicharm’s technical capabilities, particularly its nonwoven fabric and absorbency technology. They also see international growth potential.

Unicharm has agreed to acquire 9,693,400 shares of Secaucus, N.J.-based Hartz, or 51 percent of the total outstanding stock held by Sumitomo, the companies reported.

The price of the stock transfer has not yet been decided. The transfer is expected to be concluded on Sept. 30.

Unicharm, which entered the pet care business in 1986, manufactures dog and cat food and toiletry products, such as pet wipes and training pads. Unicharm reported that it has long pursued new market development and business expansion opportunities, primarily in the small dog, overweight dog, senior dog and indoor dog categories.

Hartz manufactures a wide range of pet products, including flea and tick treatments, dog toys, house training pads, natural treats, pet shampoos and bird and small animal diets. Hartz products are offered in more than 100,000 U.S. and Canadian retail outlets, according to the company.

<HOME>



 Give us your opinion on
Japanese Firm Agrees to Take Majority Stake in Hartz

Submit a Comment

Industry Professional Site: Comments from non-industry professionals will be removed.

ABCs of Positive Training
Buy Now
Dog Bible
Buy Now
House-training Your Dog
Buy Now
Become a Fan of Pet Product News  International
Follow us on Twitter
Copyright ©  I-5 Publishing, LLC. All rights reserved.
Our Privacy Policy has changed.
PRIVACY POLICY/OUR CALIFORNIA PRIVACY RIGHTS.
Terms of Use | Guidelines for Participation
Disclaimer: The posts and threads recorded in our messageboards do not reflect the opinions of nor are endorsed by I-5 Publishing, LLC, nor any of its employees. We are not responsible for the content of these posts and threads.



Gold Standard

*Content generated by our loyal visitors, which includes comments and club postings, is free of constraints from our editors’ red pens, and therefore not governed by I-5 Publishing, LLC’s Gold Standard Quality Content, but instead allowed to follow the free form expression necessary for quick, inspired and spontaneous communication.