Market leading pet food manufacturer secures new financing to support their next stage of growth
UK pet food brand, Butcher’s Pet Care, has secured a £43m funding package with Secure Trust Bank Commercial Finance and Blazehill Capital in a deal led by Martin Gray at Kroll.
Butcher’s Pet Care, based in Northamptonshire, was established in 1983 by Graham Baker and has grown to become one of the UK’s best loved and most recognisable brands in the industry.
Butcher’s Pet Care has sought to capitalise on market growth and over recent years it has become the UK’s number one wet dog food brand selling into a blue-chip customer base.
Tim Watsham CEO, Butcher’s Pet Care, stated: “The deal marks a significant and exciting step for the business. The Executive Team were clear that the company must continue to invest in our brand and manufacturing capabilities as well as our new product offerings, including our fast growing cat food brand, Blink!.”
“We have thoroughly enjoyed working with the team at Kroll who have played a key role in sourcing both the appropriate funding package and partners. We are looking forward to working with Secure Trust Bank and Blazehill Capital as we enter our next stage of growth.”
Martin Gray, Managing Director at Kroll, added: “It has been a pleasure to support the team at Butcher’s. This is a huge opportunity for the brand to cement their market position and capitalise on new opportunities, supported by a flexible funding structure.”
Tom Weedall, Managing Director, Blazehill Capital, added: ““We are delighted to have been able to provide a funding solution to support the Butcher’s management team in the delivery of their plan. Our creative structure generates significant liquidity, which now allows the company to accelerate its growth trajectory and cement its market leading position.”
Matt Broomfield, Regional Sales Director at Secure Trust Bank Commercial Finance, said: “We worked closely with the Butcher’s management team and Blazehill to understand the firm’s growth plans. Using this insight, we created a flexible facility that can adapt as the business grows. We look forward to seeing the business prosper with this facility in place, and building on our strong relationship with Butchers moving forward.”