Del Monte Foods and Natural Balance Pet Foods Inc. have signed a merger agreement. Natural Balance Pet Foods, makers of premium pet food for dogs and cats sold throughout North America and also in Europe and Asia, will join Del Monte’s pet products portfolio.
“Del Monte Foods is proud to welcome Natural Balance into the Del Monte family of brands,” said Dave West, CEO, Del Monte Foods. “This merger is consistent with our long-term strategy for Del Monte to further strengthen our pet food and snacks brand portfolio and accelerate growth by expanding in the pet specialty channel. This offers us exciting prospects for continued growth, particularly in terms of strengthening our reach to independent pet retailers.”
Natural Balance Pet Foods Inc. was founded in 1989 by Dick Van Patten and Joey Herrick. Today, the brand includes both dog and cat formulas and spans wet food, dry food and treats. Natural Balance is headquartered in Pacoima, Calif. The purchase price and financial terms are not disclosed. The merger includes all Natural Balance brands, products and other trademarks. The companies anticipate the merger will close in mid-June, subject to customary closing conditions and regulatory clearances.