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| Halo's majority owner Pegasus has tapped a former Hill's executive as an advisor. |
Pegasus Captial Advisors, a New York-based private equity firm and majority owner of Halo, Purely for Pets, has appointed one time Hill’s exec Steven Marton as an operating advisor to the firm.
“Steve Marton is an impressive and highly respected executive with demonstrated expertise in areas that will be of great value to Pegasus, especially our initiatives in healthy living for people and pets,” said Craig Cogut, managing partner of Pegasus.
“All-natural” pet food is an emerging sector that Pegasus is currently interested in, according to the firm. It is also interested in natural human food, holding a 49.9 percent stake in a joint venture, Hain Pure Protein Corp., with The Hain Celestial Group Inc. In March, that venture formed New Oxford Foods LLC, a producer of natural and organic poultry products.
“This firm’s operating model will enable me to provide advice on acquisitions and work directly with a number of the firm’s portfolio companies where my experience can be of value,” Marton said.
Most recently the group president of office products at Newell Rubbermaid, Marton is a former president and chief operating officer of Hill’s Pet Nutrition and has held key positions in the oral care parent of Hill’s parent, Colgate-Palmolive. <HOME>
Posted April 2, 2008, 11:15 a.m., EST